Canada – Northland Power, a leading independent Canadian power producer, announced its acquisition of a full equity stake in two large-scale battery energy storage projects in Poland.
The company closed the deal on the nearly completed assets from Greenvolt Power Group. This move strengthens the strategic partnership between the two companies in Poland’s evolving energy market.
The two projects have a combined capacity of 300 MW and 1.2 GWh of energy. This makes them a significant addition to Europe’s renewable energy infrastructure.
Project details and total cost
The acquired projects are located in the Mieczysław and Kamionka districts of western Poland. They are in an advanced pre-construction stage, with a four-hour unloading capacity at both sites.
Mičislavo: 200 MW and 800 MW/h.
Kamyonka: 100 MW and 400 MW/h.
Construction is scheduled to begin in 2026, with an estimated total cost of approximately €200 million (US$217 million). Financing for the project is currently being structured.
Revenue secured by long-term contracts
A portion of the revenue from these facilities is secured through long-term, 17-year power contracts, which are linked to the inflation rate.
This contractual framework provides Northland Power with financial stability upon commissioning. In addition, further revenue is expected from ancillary services and electricity price arbitration.
Strategic positioning at the heart of the Polish transformation
This acquisition is part of Northland Power’s broader strategy to expand its presence in fast-growing European markets. The agreement demonstrates the company’s commitment to strengthening its foothold in Poland, a country undergoing a radical energy transformation as it gradually moves away from coal and towards renewable energy sources.
This acquisition is part of Northland Power’s broader strategy to expand its presence in fast-growing European markets. The agreement demonstrates the company’s commitment to strengthening its foothold in Poland, a country undergoing a radical energy transformation as it gradually moves away from coal and towards renewable energy sources.
