Akuo and Mirova have put three wind power plants into service in Poland

Published on 10/13/2021 Press releases

Akuo, an independent global renewable energy power producer and developer, announces the activation of three wind power plants in Poland, in partnership with Mirova, to mark the inauguration of the Wielowieś power plant. The inauguration took place in the presence of Frederic Billet, Ambassador of the French Republic in Poland, Ginter Skowronek, Mayor of Wielowieś, Patrice Lucas, CEO of Akuo, and Fabien Villacampa, Investment Director at Mirova.

A portfolio of 132 MW of wind power in operation

The three plants’ production will cover the electricity needs of almost 200,000 homes while cutting CO2 emissions by some 300,000 metric tons per year. With an aggregate capacity of 132 MW, these three wind power plants will help the Polish government to reach its targets in terms of reducing the share of coal in the country’s electricity production. They will also contribute to its goal of increasing the share of renewables in its energy mix to 27% by 2040, as required by EU law. These new plants thus take the Akuo Group’s installed electricity capacity in the Central-Eastern Europe region to over 300 MW.

akuo

Patrice Lucas, CEO and Co-founder of Akuo, says: “The completion of these projects represents a major step and a first for Akuo in Poland, the success of which would not have been possible without the cross-business and multicultural teamwork shown between the Akuo teams in Paris and our local teams in Poland! I would also like to thank our financial partners, and in particular Mirova, who have put their trust in us and enabled us to achieve this milestone. We are proud to be helping the Polish State with its transition towards a green and local energy supply”.

Fabien Villacampa, Investment Director at Mirova, adds: “We are delighted to announce the completion of these projects, and thus to be among the first to contribute to the development of the wind sector in Poland within the framework of the “CfD1” governmental support for renewable energies launched in 2018. We want to continue leveraging renewable energy sectors’ European momentum and provide further capital for sustainable and resilient infrastructures. We need to work alongside investors to enable them to play their part in the fight against climate change”.

Frédéric Billet, French Ambassador in Poland declares: “As such, it is a perfect illustration of the implementation of the energy transition to which Poland is committed, and detailed in the PEP 2040. [...] Akuo, who invited us today, is developing many other projects in Poland that will diversify the country's energy mix - and I have no doubt that they will offer the best of their solutions here in Poland, to meet the challenges of regions in transition."

[1] Contracts for difference
News
3i Group, Mirova, Banque des Territoires invest 80M€ into zero-emission mobility financing specialist NEoT Green Mobility
3i Group, Mirova, Banque des Territoires invest 80M€ into zero-emission mobility financing specialist NEoT Green Mobility
Published on 10/06/2021

Mirova, through its Mirova-Eurofideme 4 fund1, invests €60m together with 3i Group plc, through its 3i European Operational Projects Fund, in NEoT Green Mobility (“NGM” or the “Company”) to fund its pipeline of projects, while Banque des Territoires is investing an additional €20m. The funding round takes the total equity investment capacity of the Company to €100m. Historical shareholder EDF Pulse Croissance (the EDF Group corporate venture activity) renews its trust in the Company by keeping its involvement in its capital while Mitsubishi Corporation is exiting.

Learn more

wind-turbines
Octopus Renewables acquires minority stake from Mirova in 85.8MW Swedish wind farm
Published on 05/19/2021

Octopus Renewables, the specialist clean energy investor arm of Octopus Group, and Mirova, today announced the acquisition of a 49% stake in the Rodene onshore wind farm by Octopus Renewables from Mirova.

Learn more

Corsica Sole
Mirova acquires a stake in Corsica Sole
Published on 04/21/2021

Solar energy producer, developer, and storage operator Corsica Sole has signed a strategic agreement with Mirova. Mirova is taking a minority stake in the company and is setting up a bond financing programme for a total investment that could reach €80 million.

Learn more