ENERGY STORAGE

Pacific Green to acquire 400MWh of Polish battery storage

June 26, 2024

Energy storage and environmental technology company Pacific Green plans to acquire a majority stake in two 50MW Polish battery energy storage projects from an international developer present in the Polish market, the company has said.

The balance of shares in each project will be acquired upon the realisation of project milestones.

The deal marks Pacific Green’s entry into the Polish market, with the two projects offering a total of 400MWh of storage capacity.

Grid applications for the projects – one located in the Warsaw region, the other in the south-west of the country – have been lodged, ahead of anticipated participation in the Polish Capacity Market Auction in Q4 this year. Based on this, both projects are expected to reach ready-to-build status in late 2024.

Dane Wilkins, Pacific Green’s managing director, said: “Poland’s traditional reliance on thermal baseload power is transitioning rapidly to non-dispatchable renewable assets, to meet obligations under the EU’s Fit for 55 and Net-Zero commitments. This will necessitate grid-scale storage adoption across the country.

The Polish energy storage market is expanding rapidly, the Polish government is setting in place a strong regulatory framework with widening revenue opportunities, and I’m delighted we are planning our first projects there and partnering with world class developers.”

Scott Poulter, Pacific Green’s Chief Executive, said: “Developing next-generation battery energy parks at scale and speed is our priority focus and entry into Poland represents another important milestone for the business.”