(Adds details, background)
WARSAW, Sept 25 Spain's Iberdrola and
Denmark's DONG Energy want to sell their wind power
businesses in Poland, two sources told Reuters on Tuesday, with
the largest utilities and private equity funds among those
likely to show interest.
The plans to withdraw from one of Europe's most promising
renewables markets come at a time when Poland is overhauling its
system of support for green energy, moves that will effectively
cut funding for onshore wind power.
"The sale of DONG's assets will start soon, while Iberdrola
will come a bit later," one source said.
"They will be interesting for the largest utilities and for
private equity funds," a second source said.
Poland's top utility PGE, rival Tauron,
No.3 ranked Enea as well as an investment vehicle
controlled by one of Poland's richest men Jan Kulczyk, all have
plans to expand their green energy portfolios.
Polenergia, an energy group controlled by Kulczyk
Investments, is currently offering 703 million zlotys ($219
million) for a wind farm developer Polish Energy Partners
DONG Energy declined to comment. Iberdrola's local office
did not have an immediate comment.
Iberdrola has five wind farms in Poland with a total
capacity of 184.5 megawatts (MW), while DONG operates three wind
farms with a capacity of 111.5 megawatts.
Poland increased its wind power capacity to 1.6 gigawatt
(GW) at the end of 2011 from 1.2 GW at the end of the previous
year as the government has encouraged investment in green energy
to meet the European Union's renewable targets.
Central and Eastern Europe's largest economy generates
around 90 percent of its electricity from coal. To meet EU
regulations on carbon emissions, it must increase the share of
renewable energy to at least 15 percent by 2020.
A draft bill on renewables released by Poland's economy
ministry in July has drawn criticism from wind energy producers.
($1 = 3.2107 Polish zlotys)
(Reporting by Maciej Onoszko and Adrian Krajewski; editing by