Abu Dhabi Future Energy Company, Masdar, in collaboration with Taaleri Energia, a Finland-based renewable energy developer, has successfully acquired eight hybrid renewable energy projects in Poland. These projects, currently in the construction phase, boast a combined capacity of 1 GW and were purchased from Domrel Biuro Us?ug Inwestycyjnych. The initiatives will harness both solar photovoltaic and onshore wind technologies and are projected to power 223,000 households while offsetting 1.8 million tons of carbon dioxide annually once operational. The financial details of the acquisition were not disclosed. Domrel, a Poland-based renewable project developer, will continue overseeing the developmental stages of these projects. Masdar aims to leverage the recent amendment to Poland's Energy Law, known as Cable Pooling, effective since October 2023. This amendment enables the integration of various renewable energy sources into a single grid connection, enhancing stability and optimising the grid for a reliable power supply to homes and businesses throughout Poland. Masdar has previously invested in two wind farms in Poland, namely the Mlawa Wind Farm in Mazowieckie and the Grajewo Wind Farm in Podlaskie, with a combined operational capacity of 51.4 MW. Masdar's CEO, Mohamed Jameel Al Ramahi, expressed optimism about the expansion of the European portfolio, commending Poland's legislative developments in the renewable and clean energy sector, particularly the facilitation of hybrid solar-wind projects connecting to the grid. The acquisition will contribute to Taaleri Energia's SolarWind III Fund portfolio, increasing the total number of development projects to 61, with a potential gross generation capacity of 7.6 GW. A recent study by LevelTen Energy noted a 2% increase in European solar Power Purchase Agreement (PPA) prices in Q3, indicating a potential shift in the market's pricing dynamics. In September 2023, Masdar inked an agreement with the Dubai Electricity and Water Authority for the construction and operation of the 1.8 GW sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park, a project estimated to cost around AED5.15 billion (~$1.5 billion). Additionally, the solar industry's Mergers and Acquisitions (M&A) landscape, as reported by Mercom Capital Group's 9M and Q3 2023 Solar Funding and M&A Report, witnessed 75 transactions in the first nine months of 2023, down from 90 in the previous year.