Poland's SIG to embark on 600-MW solar expansion spree
Solar park. Author: iamme ubeyou. License: CC0 1.0 Universal.
Warsaw-based Sun Investment Group (SIG) on Wednesday announced it is developing a 600-MW portfolio of solar projects in Poland, which it aims to put up for sale within a period of six months to two years after completion.
SIG set foot on the Polish solar market at the end of 2017 and claims to have developed one of Poland’s largest solar photovoltaic (PV) portfolios, totalling 42.4 MW, in partnership with E-Energija Group of Lithuania and Spanish engineering, procurement and construction (EPC) contractor I+D Energias. Earlier this month it sold these installations, all of which are operational, to Aberdeen Standard Investments and is now rushing to take advantage of Poland's solar market potential and strengthen its positions there.
The company estimates that the proposed PV plants will be able to mitigate around 306,000 tonnes of carbon dioxide (CO2) emissions per year and thus help the country lower its carbon footprint. The assets will be installed on an area of 1,200 ha (2,965 acres). The size of the required investment for the initiative was not disclosed.
In line with its intentions to expand further at home, SIG also said it has taken steps to enlarge its personnel and will see it expand its team to 50 people across its three Polish locations.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.