Wind Energy – Poland
Polenergia has agreed with the Lithuanian company Modus Energy AB (operating under the Green Genius brand), which will act as a local partner, the key terms of a joint venture agreement.
The tentative agreement was reached on December 31, 2021.
Modus Energy AB will serve as a local partner, the announcement reads. The windmills will be built and operated using related infrastructure in the Lithuanian territory of the Baltic Sea. In addition, the anticipated project timeline (JV), roles of the parties, corporate governance issues, and impasse resolution mechanisms were agreed upon.
Polenergia shall provide the Polish Financial Supervision Authority with information about the delay in disclosure of confidential information along with an indication whether the conditions for such a delay are met.