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* * EBRD leading renewable energy revolution >> New 4 Energia plant in Latvia >> New projects agreed by WGBC and EBRD >> Poland hosts EBRD meeting >> Armenia to benefit from EBRD loan >> EBRD provides loan to Kobuleti >> New sewage systems brought to parts of Slovenia >> Businesswomen receive welcome boost in Croatia >> Big boost for Lithuanian e-communications market >> Regional Energy Market should be established in Baltic Region >> Czech government announces new efficiency programme >> Renewable energy hits Croatia >> EBRD investment ensures green future >> €11 million loan to provide clean water to Bosnia and Herzegovina >> Romania set for daily fines of €38,000 >> CIMC opens production plant in Poland >> Slovenia aim to reduce building’s energy usage by 30% by 2030 >> Mapei announces HUF 1bn (€3.2m) investment in Hungary >> Mátrai Erőmű opens HUF 6.5 bln. solar power plant >> Elektroprivreda Srbije (EPS) receives €200 million loan from EBRD >> Mátrai Erőmű opens HUF 6.5 bln. solar power plant >> Hungarian government, Grundfos signs strategic partnership agreement >> GVH greenlights Veolia’s purchase of GDF Suez’s plant >>Bulgaria opens new gas transmission pipeline >> EU gives Romania a due date to close and/or restore 109 landfills > Bulgaria Expects to Choose Builder of Gas Link to Romania > EIB extends backing to SME and mid-top undertakings through BS in Slovenia >WOOD-TEC 2015: 14th International Fair for Wood and Furniture Industry in Brno > Laesti raises more capital for Sauga sawmill in Pärnu, Estonia > Poland’s BZ WBK Lease gets loan of €50 million for sustainable energy projects >Bosch invests HUF 9.3 billion in plant expansion > EBRD increases backing for sustainable energy in the Slovak Republic > EBRD targets increased energy savings in Ukraine >> EBRD and EU aim to and develop the water and wastewater services in Romania’s Ilfov County >> Enea to purchase an additional wind farm in CEE >> UPB Energy to build a EUR 30 biomass energy plant in Latvia 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Iberdrola sells its Polish wind assets to PGE and Energa

2013-03-18 00:00:00

Iberdrola has reached an agreement with the Polish companies Energa Hydro (subsidiary of Energa) and PGE Polska Grupa Energetyczna (PGE) for the sale of all its wind power assets in Poland, grouped by Iberdrola Renewables Polska where it holds 75% of the capital, for approximately €203m (PLN840m).

The holding company, whose remaining 25% equity is held by the European Bank for Reconstruction and Development (EBRD), owns five operating wind farms in Poland with a total 184.5 MW installed capacity plus a wind project pipeline also in Poland.

This transaction, subject to the applicable approvals, is in line with Iberdrola’s outlook for 2012-14, which contemplates divesting assets in non-core businesses and markets, for approximately €2bn in the three-year period, to strengthen the Group’s balance sheet.
This announcement follows DONG Energy's sale of its wind assets in Poland to PGE and Energa for €240m earlier in February 2013.

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