Polenergia

A Polish energy group under private control: Mansa Investments, indirectly controlled by Dominika Kulczyk, holds 44.50% of the shares and acts in concert with BIF IV Europe Holdings, which held 32.04%. The two shareholders' tender offer for the remaining shares failed in August 2026 when it fell short of the 95% threshold. The group operates onshore wind and solar farms in Poland alongside distribution and electricity trading, and in January 2026 sold its Nowa Sarzyna heat and power plant to Axpo. Offshore wind is a 50/50 partnership with Equinor across three Baltic projects: Bałtyk II and Bałtyk III, under construction since the 2025 investment decision, and the larger Bałtyk I. On Bałtyk II and III it leans on its partner, which runs procurement drawing on its own portfolio of offshore wind projects.

Capacity is net of ownership stake: a 50% JV counts half. Gross exposure (full nameplate of every project held): 3.00 GW.

Ownership history comes from the transaction database; the portfolio above is the current snapshot only. "Joint" stakes are the consortium total (per-seller split not disclosed) and are excluded from the stake-weighted GW figure.