Reuters reported in early September that the China-CEE Fund and Israel-listed Enlight Renewable Energy will invest up to 1.3 billion zlotys ($406 million) to acquire two Polish wind projects adding 250.5 MW in installed capacity.
China-CEE Fund will hold 49.9 % and Enlight 50.1 % in the joint venture, which will allow the Israeli-based firm to consolidate the results in its financial accounts.
The projects, developed by GEO Renewables, are Wroblew and Project 2.
The Export-Import Bank of China established CEE Equity Partners in partnership with state-backed financial institutions from eastern and central Europe to capitalise on investment opportunities in the region. The fund has $500 million to spend in the region over the next two to three years.
In July, CEE Equity Partners agreed to buy a 16 % stake in Poland's largest private utility PEP for 240 million zlotys.