Subscribe today and receive an extra account for free.
Subscribe
A 1.64-MW PV farm in Gdansk, Poland. Image Source: ENERGA.
June 27 (Renewables Now) - A trio led by Sun Investment Group (SIG) plans to build 250 MWp of solar parks in Poland, starting with a roughly EUR-40-million (USD 46.5m) investment.
SIG has teamed up with E-Energija Group of Lithuania and Spanish firm I+D Energias to realise a newly acquired portfolio of solar projects with a combined capacity of 42 MWp. These projects have secured contracts for difference (CfDs) with a term of 15 years, which is one of the main reasons why SIG has decided to invest in the country, it said in a statement.
“Poland is still a niche market, but we see it as an opportunity to grow our business from medium-sized to a big player. We see our future in Poland as a long-term investor,” said Andrius Terskovas, managing partner at SIG.
SIG’s goal is to expand its Polish portfolio to 250 MWp by the end of 2020, in order to help the country meet the EU requirement for 20% of total power to come from renewables by the end of this decade.
(EUR 1.0 = USD 1.162)
Univergy arrives in Poland to develop 220 MW of PV projects
Dec 05, 2019 11:38 CEST
Grid operators look to pool European energy data
Dec 03, 2019 10:54 CEST
Weekly renewables M&A round-up (Nov 25-29)
Dec 02, 2019 10:17 CEST
to-the-point: Swiss agro group ESG to buy 72 MW of Polish wind farms
Nov 26, 2019 16:51 CEST
Nexans lands cables contract for Siemens Gamesa's global wind projects
Nov 25, 2019 16:31 CEST
ReneSola sells 13MW of PV project rights in Poland to SUNfarming
Nov 25, 2019 14:19 CEST
