French energy major TotalEnergies has acquired 200MW of solar PV projects currently under development in Poland.
The company acquired a total of six solar projects located in northern and western Poland with the first solar farms expected to be operational by 2025.
With this transaction and the acquisition of a biogas producer in the country, TotalEnergies gained a foothold in the renewables market in the Eastern European country.
As of the end of 2022, the company had a portfolio of 17GW of renewable electricity generation installed globally and expects to more than double it by 2025 to reach 35GW of renewable sources and energy storage, with a target of 100GW of installed renewable capacity by 2030.
“These agreements illustrate TotalEnergies’ commitment to developing its renewable activities in Poland, and in Europe as a whole, to support the European Green Deal,” said Stéphane Michel, president of gas, renewables & power at TotalEnergies.
Outside of Europe, the French major secured 260MW of solar PV power purchase agreements with industrial gas company Air Liquide in South Africa last month.
PV Tech publisher Solar Media will be organising the third edition of Large Scale Solar CEE in Warsaw, Poland during 14-15 November. The event will focus on Eastern Europe with a packed programme of panels, presentations and fireside chats from industry leaders responsible for the build-out of solar and storage projects in Poland, Bulgaria, Romania, Greece and Hungary. More information, including how to attend, can be read here.