OX2 and DIF Capital Partners recently announced that DIF, through DIF Infrastructure Fund VI, will acquire 100% of two onshore wind projects in the Podlaskie and Łódź regions of Poland, with a total capacity of 63 MW. As the projects are ready to build, DIF will invest through the construction of the projects. (Photo quoted from OX2’s official website)

The wind projects, which will be equipped with Vestas V126 turbines, have been developed and will be constructed under a tailored EPC contract provided by OX2. Construction commenced upon closing of the transaction and the projects are expected to become operational by end of 2022.

Once commissioned, OX2 will be responsible for the technical and commercial management of the wind projects, ensuring that the projects generate maximum output and that they are operated in a safe and secure manner. During their operational life the projects will benefit from contracts-for-difference with the Polish state, providing stability of cash flows to the projects for a period of 15 years.

The total production is estimated to be ca. 200 GWh per year, which is the equivalent to the annual power consumption of around 50,000 households; thereby avoiding around ca. 70,000 tons of CO2 emissions per year from fossil fuels. The projects will support Poland’s energy transition by expanding the country’s renewable energy capacity and reducing dependency on power production from fossil fuels.

(IRuniverse)

Related articles