Alternus to buy 184MW Polish PV

• Projects range in size from 1MW to 10MW and are presently had by Projekt Solartechnik

Alternus Energy Group is to get additional solar farms in Poland completing 184MW.

The projects, located throughout the country, are either presently in building and construction or have actually already attained a commercial operation date (COD).

They vary in size from 1MW to 10MW as well as the bulk have government-backed offtake agreements are currently in position.

Alternus is getting the parks from regional designer Projekt Solartechnik (PST), a Famur as well as TDJ groups business.

Closing of the purchase is conditional on the effective achievement of specific problems precedent.

The entire 184MW portfolio is anticipated to accomplish COD by mid-2023, with at least 45MW reaching COD by 30 November this year.

PST will carry out the first operation and maintenance (O&M) activities post initial operation for a concurred minimum period blog post installment, with Uper Energy, Alternus Energy's O&M subsidiary taking over thereafter under long-term service contracts.

Completion of the agreements will certainly see Alternus spend over PLN750m (EUR160m) for new created PV solar parks in Poland, to be moneyed from financial obligation facilities.

The company's Polish functional portfolio currently totals 88.6 MW, consisting of the 65MW Witnica park in the north west of the nation.

Alternus Energy president Vincent Browne stated: "This collaboration with Projekt Solartechnik makes it possible for Alternus to further increase our presence in the Polish market, immediately and gradually.

" Alternus has actually been and also continues to be very active in Poland with a target to attain over 1GW of functional PV solar there in the following couple of years.

" This transaction additionally underpins our commitment to Poland as well as brings our footprint to over 25% of this goal.

" We are presently in discussions with PST for added projects on behalf of this goal and expect more announcements in due course. We are really comfortable with long term investment in Poland."

Projekt Solartechnik president Maciej Marcjanik stated: "We are very pleased to companion with Alternus Energy as well as work together to attain COD for this portfolio and hopefully added projects that are under discussion.

" We watch this as a calculated partnership assisting in the advancement of our substantial pipe functioning towards achieving boosted energy safety and also national decarbonisation targets."