Masdar, one of the world’s leading renewable energy companies, and Taaleri SolarWind II Fund, which invests in utility-scale wind and solar assets, formally inaugurated the wind farms that they jointly own in Poland.
The inauguration ceremony for the Mlawa and Grajewo wind farms was held at the Polish Pavilion at the Dubai Exhibition Centre, as part of the celebrations for Poland’s National Honour Day at Expo 2020 Dubai.
The event was attended by Peter Ramsay, Chief Executive Officer of Taaleri Group, Niall Hannigan, Chief Financial Officer of Masdar, and Jakub Slawek, Chargé d’Affaires of the Embassy of Poland, along with other senior executives and officials.
In January, Masdar and Taaleri SolarWind II Fund announced that they had each acquired a 50 percent stake in the projects, marking their first investment in the Polish renewable energy market.
The 37.4-megawatt (MW) Mlawa wind farm is located in Mazowieckie in northern Poland, while the 14 MW Grajewo project, which comprises two wind farms, is based in Podlaskie, in the north-east.
Combined, the projects produce enough electricity to supply approximately 90,000 households in Poland, and offset 146,000 tonnes of carbon dioxide each year.
“This event marks a key milestone in Poland’s renewable energy journey and demonstrates Masdar’s commitment to the nation’s climate action objectives,” Niall Hannigan, Chief Financial Officer of Masdar, said. “We look forward to expand our presence in the Polish renewable energy sector and to strengthen our strategic partnership with Taaleri Energia through our joint venture, Masdar Taaleri Generation (MTG).”