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CONCLUSION OF MASTER AGREEMENT FOR THE...

CONCLUSION OF MASTER AGREEMENT FOR THE GRABOWO WIND FARM PROJECT

18/02/2022 18:28

The Management Board of Polenergia S.A. (“Issuer”) hereby reports that on 18 February 2022, the Issuer’s subsidiary – Polenergia Farma Wiatrowo Grabowo Sp. z o.o. developing the Grabowo wind farm project (“Grabowo Wind Farm”), entered into with ELECTRUM Sp. z o.o. with its registered office in Białystok (“Contractor”), an agreement pertaining to the construction of the Grabowo Wind Farm with a total maximum installed capacity of 44 MW (“BoP”). The deadline for agreement performance is 31 December 2023.

The BoP refers to the performance by the Contractor, for the benefit of the Grabowo Wind Farm, of comprehensive construction work within the scope of foundations for wind turbines, adjustment of access roads for oversize transport, modernisation of existing roads, construction of service roads, assembly platforms and assembly and electric engineering work and the necessary construction work for the 20/110 kV switching station along with the medium and high voltage cable network and fibre optic network for the needs of the Grabowo Wind Farm.

Legal basis: Art. 17.1 of Regulation of the European Parliament and Council (EU) No. 596/2014  on market abuse and repealing Directive 2003/6/EC of the European Parliament and Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (Journal of Laws of the European Union L of 2014, No. 173, p. 1)

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