Transaction Highlights 

• Acquired two late-stage pre-construction battery energy storage system (“BESS”) projects totaling 300 MW / 1.2 GWh in Poland;
• Builds on Northland’s strategy to deepen its presence in its core market of Poland; and
• Value-accretive opportunity to deploy Northland’s proven expertise in BESS.

Northland Power has announced the acquisition of 100% equity interests in two BESS projects totaling 300 MW /1.2 GWh in Poland. The Projects were acquired from Greenvolt Power Group sp. z o. o., a global developer of renewable energy projects.  

This acquisition strengthens Northland’s growing presence in Poland and underscores its commitment to supporting the country’s energy requirements. Poland’s power system is evolving rapidly as it shifts from predominantly coal-based generation toward renewables, with solar PV and wind capacity projected to increase from approximately 31 GW today to 139 GW by 2050 according to Aurora research. As Poland's electricity markets evolve, there is a need for large-scale battery storage.

The Projects, Mieczysławów (200 MW / 800 MWh) and Kamionka (100 MW / 400 MWh), each have a four-hour duration and are located in western Poland. A portion of revenue is secured under 17-year capacity auction contracts indexed to inflation, and additional revenue is expected to be realized through energy arbitrage and participation in ancillary service markets. Financing and the start of construction are expected in 2026, with an estimated total cost of €200 million. Once operational, the Projects will be some of the first BESS facilities operating in Poland.

“This acquisition marks an important milestone in advancing Poland’s energy transformation and expanding Northland’s portfolio in a core market,” said Christine Healy, President and Chief Executive Officer of Northland. “Battery storage is essential to enabling a reliable, lower-carbon energy system, and these projects represent a strong strategic fit with our growth ambitions.”

KeyFacts Energy Industry Directory: Northland Power