Press Releases

Renewable Power Capital and Tundra Advisory (Taiga Mistral Group) announce a joint venture to develop up to 1GW of onshore wind in Poland.

20 February 2023 – LONDON

  • The joint venture will develop up to 1GW of onshore wind projects, equivalent to the consumption of more than one million Polish households
  • The venture will provide a strong decarbonisation impact and will actively contribute to Poland’s long-term energy resources 

Renewable Power Capital (RPC) has announced its entry into the onshore wind market in Poland, partnering with Tundra Advisory (Tundra) to develop a pipeline of up to 1 GW of onshore wind projects across the country. The partners have already identified over 500 MW of potential sites.

The deal is subject to regulatory approval in Poland.

Tundra brings deep capabilities to the partnership, having developed renewables in Poland for over 15 years. The Tundra principals have undertaken some of the largest renewable projects in the country. Tundra is owned by Taiga Mistral, a leading sustainability focused investment management firm, headquartered in Madrid. Renewable Power Capital will provide a highly flexible source of long-term funding to maximise value and scale.

Poland has the potential to be one of Europe’s fastest-growing onshore wind markets. The Polish Government currently expects around 25 GW of renewable electricity generation capacity by 2030, a doubling from 2020 levels. In addition, Poland’s energy strategy to 2040 is expected to be updated with ambitious renewable targets. Currently over two-thirds of Poland’s electricity comes from coal, distinguishing its market from other gas-heavy European grids and giving strong decarbonisation potential.

The deal is RPC’s first in the CEE Region, and adds to RPC’s wind portfolio based in Finland and Sweden, as well as a 3 GW solar pipeline in Spain, and a 1 GW battery storage venture in Great Britain. 

Mariano Berges, Chief Commercial and Technical Officer at RPC, commented: “The European energy market is undergoing significant changes and renewables will play an increasingly important role. Renewable Power Capital aims to be part of the solution. Poland has the potential to be one of Europe’s largest onshore wind markets, and we are pleased to be working with the very experienced team at Tundra to unlock this.”

“We are pleased to enter into a strong strategic partnership with an international and reputable investor such as RPC. The joint venture will maximise the capabilities of both parties, enabling us to achieve our ambition to become a leading developer of wind energy in Poland”, says Jaime Blas, CEO of Tundra and Taiga.

Tundra was supported and advised by Perez Llorca (Spain) and DZP (Poland) in the transaction. RPC was advised by Herbert Smith Freehills (Spain) and Dentons (Poland).

Notes to Editors

Renewable Power Capital

Press office contact: Charles Long:  

Renewable Power Capital is a pan-European renewable energy investment platform established in 2020, backed by CPP Investments. Renewable Power Capital is registered in the United Kingdom, with headquarters in London. We invest in the development, construction, and long-term ownership of solar, onshore wind and battery storage projects, enabling the energy transition and driving stable long-term, risk-adjusted returns. Our flexible mandate allows us to structure investments that recognize the changing market dynamics in Europe and to develop innovative solutions for managing development, construction, and merchant investments.

For more information, please visit

Tundra Advisory (Taiga Mistral Group)

Press contact: Cristina Tunon   

TundraAdvisory is a subsidiary of Taiga Mistral in Poland, with a team of 18 people and proven track record in the renewable energy market, having developed, financed and built more than 300 MW of onshore wind and solar PV in Poland.

Taiga Mistral is an impact investment management company, focused on energy transition. We invest in electricity distribution (last mile access), energy supply, renewable energy generation (solar PV, onshore wind and small hydro) and energy transition businesses (EV, self consumption and batteries). Our goal is to create value for investors focusing in a carbon neutral future and sustainability as long term principles. Since 2006 Taiga Mistral has developed, financed, built and operated more than 5 GW of renewable energy assets in different markets and technologies, including onshore wind, small hydro and solar PV. Currently, Taiga Mistral manages more than 1 GW of generation assets. We have a team of more than 30 people in Spain and 18 people in Poland.

For more information, please visit