Northland Power acquires two battery storage projects in Poland

Northland Power (NPIFF) 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. 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, Mieczysawow and Kamionka, 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 EUR 200 million. Once operational, the Projects will be some of the first BESS facilities operating in Poland.