•  
  •  
  •  

Poland's R.Power buying 8.5-MWp solar asset in Portugal

Image source: R.Power

March 18 (Renewables Now) - Polish solar projects developer R.Power Group has signed a deal to buy an 8.5-MWp solar farm project in the Portuguese region of Alentejo for EUR 6 million (USD 6.5m).

The solar park, consisting of bifacial modules and single-axis trackers, will have the capacity to produce some 17,000 MWh of electricity per year that will be sold under a power purchase agreement (PPA).

Przemek Pieta, co-founder and CEO of R.Power, stated that the company plans to build a portfolio of 500 MWp of solar projects in countries such as Portugal, Spain, Italy and Hungary in the coming years.

According to him, the region of Alentejo has the highest level of sunshine in continental Europe, which makes it possible to build zero-subsidy solar farms there.

(EUR 1.0 = USD 1.083)

More stories to explore
Share this story
Tags
 
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription