DTEK, a leading Ukrainian energy holding company, has signed a landmark agreement with Polish firm Columbus Energy to construct a 133-MW energy storage system in southern Poland, marking DTEK's maiden infrastructure investment in the country.

In an announcement made on March 27 via its EU-focused subsidiary, DRI, DTEK highlighted the finalisation of a binding share purchase agreement with Columbus Energy. The agreement grants DTEK the authority to develop the battery storage facility, pending the acquisition of requisite permits.

"This significant agreement represents DTEK's inaugural foray into major infrastructure investment in Poland and forms an integral part of our strategy to establish a pan-European energy system, bridging Ukraine and the EU," stated DTEK in a release on its website.

With ambitions to amass a 5-GW portfolio of renewable energy projects across Europe by 2030 through its subsidiary DRI, DTEK views the acquisition of the 133-MW energy storage project as a pioneering move in Poland's energy landscape.

The envisaged timeline for the project entails the finalisation of the deal with Columbus Energy in the forthcoming months, with ground-breaking anticipated in the fourth quarter of 2024. Construction is projected to conclude by early 2026, facilitating the commencement of operations.

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