Investing in Polish wind

Renewable energy giant, Renewable Energy Holding (REH) has signed a purchase agreement with Gamar GHL to develop a wind farm site in Poland's mountainous southeastern region, with the generating capacity of up to 30MW.

REH has entered a conditional sale agreement with Gamar GHL for the site in Kobylany paying €100,000 (zł.383) up front and will pay a further €2 (zł.7.66) million once Gamar GHL obtains required plans, construction and permits for the construction of the wind farm.

Currently, Poland has around 350MW of installed wind power capacity. According to REH board, the Kobylany site will provide up to 30MW of energy, however, a study has shown the site's capability of 32 percent, which is above the 30 percent European average. (AO)