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The Macquarie-owned Green Investment Group (GIG) has taken further strides into Poland’s growing renewables market with the acquisition of a 48MW onshore wind farm.

It has bought the Zajączkowo renewable energy project from former owners J-Power Investments and Mitsui Renewable Europe. The facility is located around 10km south-west of the city of Slupsk.

The onshore wind farm consists of 24 turbines and has been operating for 11 years, generating enough electricity to power more than 38,000 homes a year.

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This latest acquisition is GIG’s second in Poland and means the business is now active in 11 countries across Europe and 25 countries globally.

Edward Northam, Head of GIG Europe said: “Poland is one of Europe’s largest energy markets and one with considerable near term potential for renewables development. As such, as we build our global footprint, it is critical for GIG to seek out opportunities in this region.”