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

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

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

June 18, 2025
Greek developer Metlen Energy and Metals, formerly known as Mytilineos, has refinanced a 532MW solar PV portfolio in Australia.
June 18, 2025
Australia’s minister for climate change and energy, Chris Bowen, has announced plans to streamline the Capacity Investment Scheme (CIS) to around six months.
June 17, 2025
Blue Elephant Energy has received a €200 million (US$214 million) investment from European asset management company Infranity.
June 17, 2025
US tax credits for solar PV, wind power and electric vehicles are facing dramatic cuts, while those for energy storage are sustained.
June 17, 2025
The World Bank has approved a loan of around US$600 million to support the development of 540MW of new solar and wind capacity in Indonesia.
Sponsored
June 17, 2025
As the solar industry pushes for ever-lower costs, collapsing module quality is forcing a rethink of how reliability and performance can be safeguarded, writes Eric Hafter.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Media Partners, Solar Media Events
July 2, 2025
Bangkok, Thailand
Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico