R.Power secures US$58 million for 72MW Polish PV portfolio

Facebook
Twitter
LinkedIn
Reddit
Email
R.Power said that the portfolio is contracted under long-term power purchase agreements (PPA) with undisclosed third parties. Image: R.Power

Polish independent power producer (IPP) R.Power has signed a PLN231 million (US$58.5 million) deal with the Polish Development Bank to develop a 72MWp solar PV portfolio.

The deal – a loan agreement – covers projects in “various regions” of Poland which will be operational by the end of 2024. R.Power said that the portfolio is contracted under long-term power purchase agreements (PPA) with undisclosed third parties.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Once operational, operations and maintenance (O&M) for the sites will be handled by Nomad Electric Services.

“Partnership with a leading financial institution such as the Polish Development Bank will enable us to further rapidly develop our photovoltaic projects in Poland,” said Tomasz Sęk, co-founder and board member at R.Power.

Earlier this year, the company announced plans to build a 134MW PV portfolio in Poland, consisting of 19 projects that are due to be completed in 2025. Over the year prior to this, R.Power secured a number of finance deals to expand its presence in Poland and across Europe.

In October 2023, the firm secured roughly US$80 million from the European Bank for Reconstruction and Development (EBRD) to support, in part, its 1GW solar PV development portfolio across the continent. The previous February it raised around US$160 million from Three Seas Initiative Investment Fund (3SIIF) in a transaction which saw 3SIIF take a minority stake in R.Power.

25 November 2025
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

September 4, 2025
Indian solar manufacturer Waaree Energies has acquired a 64% equity stake in power transformer manufacturing company Kotsons.
September 4, 2025
ARENA has launched the second funding round of its AU$1 billion Solar Sunshot programme, making AU$150 million available.
September 3, 2025
Developers Alight Neoen have commissioned the 100MWp Hultsfred Solar Farm in Småland, southern Sweden.
September 3, 2025
US residential solar prices have remained at historic lows in the first half of the year despite market uncertainty and continued high interest rates.
September 3, 2025
India has added 2.8GW of rooftop solar in H1 2025, a 158% year-on-year surge from just 1.1GW in the same period last year.
September 3, 2025
Singapore-headquartered independent power producer Peak Energy has broken ground on a 65MWp solar project in Isabela, in the Cagayan Valley region of northeast Luzon, Philippines. 

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines