R.Power enters Germany with co-development deal for 80MWp of solar

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
R.Power currently has a presence in Poland, Portugal, Spain and Italy. Image: R.Power.

Poland’s R.Power has entered the German solar market after signing co-development agreements with local developers to collaborate on PV projects in the country.

The partnerships will initially result in the development of 80MWp of PV plants across Germany that are expected to be supported by long-term power purchase agreements or the country’s solar auctions.

R.Power has already secured funds for the acquisition of the projects having established a programme last month to issue green bonds with a total nominal value of up to PLN1 billion (US$222 million).

Tomasz Sek, co-founder of R.Power, told PV Tech that the company selected Germany because it is a market that “is going to be fairly stable in terms of the overall environment and growth in the next two or three decades”.

He said Germany is fairly similar to Poland as they both have stable regulations in terms of environmental and permitting processes. In addition to the co-development agreements announced today, R.Power has ongoing discussions with other developers in the country that could become collaborations in the future.

The company currently has a presence in Poland, Portugal, Spain and Italy. Sek said it is aiming to be operational in European countries that install more than 1GW of PV capacity per year and is now considering its expansion into the Netherlands and Romania.

Having installed 4.8GW in 2020, Germany’s cumulative solar PV capacity at the end of last year reached around 54.6GW. By 2030, the country is aiming to have 98GW deployed.

Read Next

January 20, 2022
Swiss fund manager SUSI Partners has set up a new renewables platform that will build a portfolio of solar PV and wind assets in Poland.
January 19, 2022
Renewables developer R.Power has signed a power purchase agreement (PPA) with energy trader Axpo for nearly 300MWp of solar in Poland.
January 12, 2022
German asset manager KGAL Investment Management has acquired a combined 50% stake in renewables developer GP Joule Projects, with the two companies intent on taking advantage of the “immense growth opportunities” of renewables across Europe, and in particular Germany.
January 11, 2022
Impax Asset Management is collaborating with clean energy financial technology provider Bullfinch Asset to invest in distributed solar generation in Germany.
January 7, 2022
Renewable energy asset manager Luxcara has reached financial close for a subsidy-free solar project in Germany that will have a capacity of at least 171MWp and supply power to Volkswagen.
January 7, 2022
Solar developer ReneSola Power has completed the sale of 37MW of PV projects in Poland to Danish solar investment and management company Obton.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
January 26, 2022
Free Webinar
Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 8, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal