Poland’s potential moves SIG to new 600MW PV play

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
SIG's latest move finds Poland working to boost installed PV capacity from around 500MW last year to 20.2GW in 2040 (Credit: Winaico)

Poland’s solar ecosystem is set for a major boost under plans by an investment management firm, which is ramping up its headcount to better service the Eastern European market.

Sun Investment Group (SIG), who claims to have deployed one of Poland’s largest PV portfolios to date, said this week it will now move to developing a new 600MW pipeline across the country.

Contacted by PV Tech, a spokesperson from SIG declined to shed light on the individual projects that will make up the portfolio, their planned location or financing arrangements.

In its statement, the investor explained the 600MW installations will cover 1,200 hectares and will be auctioned within six to 24 months after construction wraps up.

The plants, SIG added, should create annual CO2 savings – 306,000 tonnes – able to offset the emissions of 67,000 cars every year.

SIG’s large-scale PV foray follows the sale earlier this year of its first Polish PV scheme, a 42.37MW portfolio it offloaded to Aberdeen Standard Investment for an unspecified sum.

Work to deploy these first plants alongside Lithuanian partner E energia got underway in 2017. The installations were linked between July 2018 and this year, SIG explained.

The plans for a Polish boost emerge as SIG works to bolster its Polish ranks. Steps have been taken this quarter to expand its headcount in the country to more than 50 full-time positions, the firm said.

In Poland, the PV moves come after Intersolar 2019 attendees singled out the country – together with neighbouring Ukraine – as an upcoming European solar hotspot.

The local industry is keenly following the passing of legislation for new auctions starting in 2019, which could see PV offered 750MW in contracts at a tender later this year.

Under government plans, Poland must achieve significant installed PV capacity milestones by 2020 (900MW), 2030 (10.2GW) and 2040 (20.2GW), up from the 487MW it was said to host last year.

Read Next

May 7, 2021
Danish utility giant Ørsted has completed its first utility-scale solar-plus-storage facility in the US.
May 5, 2021
Europe’s solar industry has lauded the inclusion of a commitment to "re-ignite" Europe's solar manufacturing sector within the European Commission’s refreshed industrial strategy.
PV Tech Premium
May 3, 2021
Companies are purchasing solar, wind, and other forms of renewable energy more than ever before. The power purchase agreement (PPA) market in Europe has grown to a cumulative capacity of over 12GW, with a record 4GW signed in 2020. Corporate climate commitments are opening doors for investment in renewable energy, and continued price declines are convincing companies to sign new contracts. Is the European market ready to fulfil its potential? By Dr. Mercè Labordena, senior policy advisor at SolarPower Europe, and Milena Koot, communications advisor at SolarPower Europe
April 28, 2021
Renewable energy group BayWa r.e. has opened what it claims is its largest PV warehouse in Europe yet in a bid to expand its distribution network in the continent.
April 22, 2021
Danish solar company Better Energy is expecting to improve its financial performance this year thanks in part to its transition from a project developer to an independent power producer (IPP).
April 21, 2021
International renewables developers are rushing to secure projects in Brazil before the government takes away subsidies for new solar and wind farm installations next year.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
May 26, 2021
Session 1 - 7:00 AM (BST) | Session 2 - 5:00 PM (BST)
Solar Media Events
June 15, 2021
Solar Media Events
July 6, 2021
Solar Media Events
August 24, 2021