DIF fund acquires 108 MW of wind projects in Poland

Infrastructure fund manager DIF Capital Partners said it has acquired four construction-ready onshore wind projects totalling 108 MW in Poland from German wind developer Sabowind.

The projects, located across Poland, were acquired through DIF Infrastructure Fund VI for an undisclosed sum.

Construction kicked off upon closing of the deal, DIF said. Two of the wind farms are expected to come online by the third quarter of 2022 and the other two by the first quarter of 2023.

The facilities will use 54 Vestas turbines. They will be built under a turbine supply agreement by Vestas Wind Systems A/S (CPH:VWS) and under an engineering, procurement and construction (EPC) contract by Sabowind, which will manage the projects following completion.

The wind farms, expected to generate around 300 GWh a year, have 15-year contracts for difference (CfDs) in place with the Polish state.

This is DIF’s second onshore wind acquisition in Poland. The fund manager now has a 171-MW wind portfolio in the country, which is set to be fully operational within the next 24 months.

DIF was advised by DNB, Allen & Overy, PwC and DNV.

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