Greenvolt sells two energy storage projects to Northland Power

Core Insights - Greenvolt Power has signed an agreement to sell two battery energy storage system projects in Poland, totaling 300 MW/1.2 GWh, to Northland Power Inc. [1][2] - The projects, Mieczyslawów (200 MW/800 MWh) and Kamionka (100 MW/400 MWh), are designed for a four-hour storage duration and will begin construction in 2026 [2][5] - This transaction aligns with Greenvolt's asset rotation strategy, which involves selling 70-80% of developed assets while retaining 20-30% [3][4] Company Strategies - Greenvolt's asset rotation strategy aims for efficient capital allocation and supports the deployment of renewable energy projects across various regions [3][4] - Northland Power's acquisition enhances its presence in Poland and aligns with its commitment to a low-carbon energy system [4][5] Market Context - Poland's energy system is transitioning from coal-based generation to renewables, with significant growth expected in solar and wind capacity by 2050 [5] - The need for large-scale storage solutions is increasing to balance the grid and ensure reliability as the energy landscape evolves [5][6]