Greenvolt agrees to sell two Polish battery storage projects to A&R Investments for up to €391.5 million

• Greenvolt’s subsidiary Greenvolt Power agreed to sell two Polish battery storage projects to Malta-based A&R Investments for up to €391.5 million.
• The price comprises €311.5 million upfront and up to €80 million contingent on the timing of authorization for grid-balancing services.
• The fully built Ełk and Turośń Kościelna projects have combined power capacity of 400 MW and storage capacity of 1.6 GWh.
• Both projects have 17-year capacity market contracts starting in 2028, with Statkraft contracted to manage the batteries and trade their flexibility.
• Completion is expected by the end of 2026, subject to customary conditions.

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