Location: Poland, Warsaw
Date of investment: August 2014
Polenergia S.A. is listed on the Warsaw Stock Exchange; Kulczyk Investments holds a majority stake.
Polenergia is a Polish independent power utility that comprises vertically integrated companies active in conventional and renewable power generation, as well as distribution and sale of electricity. Polenergia has a total of 369 MW of installed capacity, of which 245 MW come from wind farms. Polenergia also owns and operates a Combined Cycle Gas Turbine power plant with a capacity of 116MWe, 70MWt and a number of other small scale energy projects such as local CHP plants and pellet production. The Company has local energy distribution networks across Poland, as well as an energy trading company.
Polenergia holds a portfolio of on-shore wind farms in the development phase, of which 216 MW are fully permitted with ready-to-build status. The development pipeline also includes off-shore wind farm projects on the Baltic Sea with the total power generation of 1.2 GW, planned for commissioning in two stages by 2022 (600MW) and 2026 (600MW). Polenergia furthermore holds development projects of a 150km gas interconnector from Germany to Poland, 31MW biomass CHP and the Elektrownia Polnoc 800MW coal-fired power project.
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