Posts Tagged ‘Poland’
Invalda INVL Group raises the largest PE fund in the Baltics exceeding target at first close reaching EUR 305 million
Invalda INVL Group today announces that it has successfully completed a first closing of its second-generation private equity fund (“INVL Private Equity Fund II”), reaching EUR 305 million and exceeding its target of EUR 250 million. The INVL Private Equity Fund II has received strong backing from both existing and new investors, forming an exceptional investor base. This includes some of the most successful entrepreneurs from across the Baltics, family offices and institutional investors such as the European Investment Fund, pensions funds managed by Luminor asset management companies, SB Asset Management and IPAS INVL Asset Management in Latvia, as well as life insurance company UAB SB Draudimas. Fundraising will continue to reach a hard cap of EUR 400 million.
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Originally published on 17 Feb
Read MoreORLEN and Northland Power Commence Construction of Poland’s First Offshore Wind Farm
After months of preparation, a fleet of 11 specialised vessels has mobilised to begin installing the foundations for Poland’s first offshore wind farm in the Baltic Sea. This stage has already seen the successful installation of the first two of a total of 78 monopiles – towering 100-metre steel structures that will support 15 MW wind turbines. These generation units are among the most advanced in the industry, with a portion being manufactured at Vestas’ facility in Szczecin. With a total capacity of 1.2 GW, the Baltic Power wind farm is set to commence operations in 2026, delivering clean, reliable electricity capable of powering over 1.5 million households. Offshore wind is a key element of the ORLEN Group’s new strategy, which targets the deployment of more than 4 GW of installed capacity in the Baltic Sea in partnership with leading industry players.
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Originally published on 6 Feb
Read MorePoland: EIB contributes €400 million to building the EU’s largest offshore wind farm
The European Investment Bank (EIB) signed an agreement to support Poland’s largest utility Polska Grupa Energetyczna (PGE) with a €400 mln loan towards the design and construction of Baltica 2, the European Union’s largest offshore wind farm to date. Baltica 2 will feature innovative technology for a 1.5 GW capacity and sit off the Polish coast in the Baltic Sea. Supported by major European funding, it is being developed by PGE and leading offshore wind company, Denmark’s Ørsted.
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Originally published on 30 Jan
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