Poland's PGE, Energa to Buy Iberdrola's Polish Windfarms
February 26 2013 - 5:04AM
Dow Jones News
WARSAW--Polish state-controlled power utility PGE Polska Grupa
Energetyczna SA (PGE.WA) and a unit of local peer Energa SA have
agreed to take over 75% of shares in a Polish windfarm company
owned by Spain's Iberdrola SA (IBE.MC) for 840 million zlotys
($266.57 million), PGE said in a statement Tuesday.
PGE said it plans to buy the remaining 25% in Iberdrola
Renewables Polska, now held by the European Bank for Reconstruction
and Development. PGE will acquire windfarms with a capacity of 70.5
megawatts and projects that will add a further 36 megawatts. Energa
will buy windfarms with a capacity of 114 megawatts and projects
with a total planned capacity of 1,146 megawatts.
PGE and Energa earlier in February agreed to buy the Polish
windfarm portfolio of DONG Energy A/S for PLN1 billion zlotys.
Write to Marcin Sobczyk at marcin.sobczyk@dowjones.com
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