In line with its plan to add 1,000 MW of installed capacities in onshore wind power generation by the end of 2015, on September 28th 2011, PGE Energia Odnawialna S.A. signed another conditional agreement for purchase of 100% shares in Żuromin Sp. z o.o. from Spain's Gamesa Energia S.A.U.
Żuromin Sp. z o.o. is currently constructing a wind farm with a capacity of 60 MW, consisting of 30 Gamesa G90 2 MW wind turbines, situated in the Communes of Kuczbork-Osada, Żuromin and Lubowidz, County of Żuromin, Province of Warsaw. Under the agreement, PGE Energia Odnawialna S.A. will become the sole shareholder in the company after the project is put in operation, which is scheduled for the second quarter of 2012.
The purchase of the wind farm is in line with the investment strategy pursued by PGE Energia Odnawialna S.A., as it helps to build value and fosters the PGE Group's positive image in the area of renewable energy. Additionally, it will further the implementation of Poland's energy policy with respect to RES, while enhancing the country's energy security.