R.Power reinforces Polish solar presence through the acquisition of PV equipment wholesaler

Facebook
Twitter
LinkedIn
Reddit
Email
The combined group is looking to buy 1GW of modules next year. Image: R.Power

Solar developer R.Power Group is expanding its presence in its home country of Poland through the acquisition of Poland-based PV equipment wholesaler Menlo Electric.

Menlo Electric sells in 10 EU countries and has established relationships with “top quality manufacturers like Jinko, Risen, SolarEdge, Sungrow, FoxESS, BAKS”, according to an R.Power media statement.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

R.Power said the acquisition provides an excellent platform for R.Power to scale its wholesale business, with the combined group looking to procure more than 1GW of modules next year.

The wholesale market is “frequently overlooked” by investors, developers and installers, said R.Power’s CEO Przemek Pieta, adding that “in the world of unstable prices and supply disruptions, wholesalers will play an instrumental role in managing these risks for other industry players”.

Last month, R.Power released a tendering programme for PV modules, structures and other components worth nearly €200 million (US$231 million) as it seeks to build its solar pipeline in Poland.

This followed its entry into the Romanian solar market through a partnership with an unnamed renewable energy company that will see the two develop a solar portfolio totalling 100MW.

The amount the acquisition was worth was not disclosed by R.Power.

PV Tech publisher Solar Media is hosting the Large Scale Solar: Central & Eastern Europe conference between 16 – 17 November 2021 in Warsaw, Poland. The event will bring together developers, EPCs and other solar stakeholders in the CEE region. More information, including how to attend, can be read here.

26 November 2024
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

November 6, 2024
R.Power has issued green bonds worth (€122 million (US$130.6 million) to support the development of new solar and storage projects in Poland.
July 8, 2024
Polish independent power producer (IPP) R.Power has signed a PLN 231 million (US$58.5 million) deal with the Polish Development Bank to develop a 72MWp solar PV portfolio.
June 5, 2024
Spanish renewables firm Elawan Energy has established a joint venture to develop 2GW of solar PV projects in Italy.
March 26, 2024
Polish independent power producer (IPP) R.Power has started contracting a 134MWp solar PV portfolio in Poland.
January 17, 2024
Switzerland-based institutional investment group SUSI Partners has secured funds for a 167MW renewables portfolio in Poland.
October 23, 2023
Polish renewables developer R.Power has secured a €75 million (US$79.5 million) investment from the European Bank for Reconstruction and Development (EBRD).

Subscribe to Newsletter

Upcoming Events

Solar Media Events
November 12, 2024
San Diego, USA
Solar Media Events, Upcoming Webinars
November 13, 2024
4pm GMT / 8am PST
Solar Media Events
November 19, 2024
Philadelphia, USA
Solar Media Events
November 20, 2024
Zhuhai, China
Solar Media Events
November 21, 2024
London, UK