EDP Renewables inaugurates a new wind farm in Poland

The 54 MW wind power facility was started up today. The opening ceremony was attended by EDP Renewables’ local partner in the country, GEO Renewables

EDP Renewables, a global leader in the renewable energy sector and the world’s fourth-largest wind energy producer has held the opening ceremony of a new farm in the Polish town of I??a together with local partner GEO Renewables.

This is EDP Renewables’ fifth wind farm inauguration in Poland, following those in Margonin (Wielkopolska), Korsze (Warmia and Mazury), Pawlowo (Wielkopolska), and J?drzychowice Zgorzelec (Dolny ?l?sk), the latter also in partnership with GEO Renewables.

The I??a wind farm operates 27 modern V90 turbines, each with a capacity of 2 MW. The newly-opened facility will contribute to the fulfilment of Poland’s EU commitments for the development of renewable energy sources. This will reinforce the energy security of the country and will help to reduce harmful emissions of CO2, NOX and dust.

This investment has also enabled the improvement of local energy and road infrastructures during the preparatory work for the construction and operation of the wind farm. The presence of this facility will also lead to an upturn in economic activity in the region and provide additional income for local authorities and landowners. The developers of the wind farm, will also be involved in community life by supporting culture, as well as education,

As of the end of 1Q 2014, EDP Renewables’ installed capacity in Poland amounted to 374 MW, making it the leading wind energy producer in the country.

João Paulo Costeira, CEO of EDP Renewables Europe, stated “Poland continues to be one of the key markets in the development of EDP Renewables’ business. We are very pleased with the inauguration of this wind farm, as it contributes to reinforce our strong position in the country.”

Radek Nowak, CEO of GEO Renewables also expressed his enthusiasm with the inauguration of this wind farm: “As a Polish company, we are very pleased to develop this type of energy in the country and see how its acceptance among the population increases.”

EDP Renewables (Euronext: EDPR), headquartered in Madrid, Spain, is a global leader in the renewable energy sector and the world’s fourth-largest wind energy producer. With a sound development pipeline, first class assets and market-leading operating capacity, EDPR has undergone exceptional development in recent years and is currently present in 12 markets (Belgium, Brazil, Canada, Spain, the US, France, Italy, Mexico, Poland, Portugal, the UK and Romania). Energias de Portugal, S.A. (“EDP”), the majority shareholder of EDPR, is a global energy company and a leader in value creation, innovation and sustainability. EDP is Portugal’s largest industrial group and the only Portuguese company to form part of the Dow Jones Sustainability Indexes (World and STOXX).

GEO Renewables S.A. is a Renewable Energy Group. It leads wind farm projects within Poland, from the development phase through to construction, launch and operation. The company is currently building wind farms in the regions of Silesia and Masovia. GEO is partnered with ENERCAP (Energy Capital Partners), a Private Equity Fund whose shareholders are EBOR – European Bank for Reconstruction and Development – and EBI – European Investment Bank.