Onde buys another solar farm and wind farm project, as it finalizes 445 million pln capital raise

Onde has bought 50 percent of a photovoltaic project with a capacity of 40 MW and 50 percent of a 34 MW wind farm project. Onde is a general contractor of wind farms and solar farms, and is a subsidiary of the Erbud group.

After this acquisition, the total potential of Onde’s own projects will increase to 492 MW.

“While implementing the company’s development strategy, we are actively working on acquiring new renewable energy projects for independent implementation. Our goal is dynamic development in the development segment of renewable energy projects,” said President Onde Paweł Średniawa.

Separately, its capital raise has fixed a price of PLN 26 per share, therefore the estimated maximum value of the offering is PLN 444.5 million. The tranche for individual investors is about 15 percent. Subscriptions in this tranche last until July 1.


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