Current reports
Current report no. 29/2022
Decision on the acquisition of a wind project by the subsidiary of ZE PAK SA, i.e. PAK-Polska Czysta Energia sp. z o.o.
Legal basis:
Art. 17 sec. 1 MAR – inside information
Contents of the report:
The Management Board of ZE PAK SA („Company”) informs that on August 29, 2022, PAK-Polska Czysta Energia sp. z o.o. seated in Konin (i.e. a subsidiary of the Company) („PAK-PCE”) decided to enter the final stage of negotiations and if they are successful – to acquire the shares from Polish Wind Holdings B.V., a company established and operated in accordance with the law of Kingdom of Netherlands („Seller”), in the amount of 100% shares in the share capital of Eviva Lębork sp. z o.o. based in Warsaw („Project company”), and the Supervisory Board decided to approve such an acquisition. PAK-PCE is going to acquire the shares from the Seller („Transaction”) as part of an investment project consisting in the implementation of RES installations („Investment Project”).
The Investment Project provides for the construction of a wind farm consisting of 23 (twenty three) wind turbines with a total capacity of 50.6 MW in the area of Potęgowo commune, Słupsk poviat, pomorskie voivodship („Farm”). The wind conditions in the region allow to estimate the annual production of the Farm at 170 GWh. The Project has a complete set of administrative and legal permits allowing for the commencement works on wind turbines. The expected date for launching the Farm is the third quarter of 2024 at the latest. Due to the secured connection capacity, the project has the potential to develop an additional photovoltaic or wind farm with a maximum capacity of approx. 50 MW. The total estimated capital expenditure related to the acquisition and implementation of the Farm will amount to approx. PLN 600 million.
Signatures of persons representing the Company:
Piotr Woźny – President of the Management Board
Maciej Nietopiel – Vice President of the Management Board
Andrzej Janiszowski – Vice President of the Management Board