Grupo Cobra, Raen JV: 150 MWp Polish Solar Project

• Raen SA partners with Grupo Cobra to develop a 150 MWp solar project in Poland, paving the way for future renewable energy collaborations and financial growth.

Polish renewables company Raen SA has formed a joint venture with Spanish firm Grupo Cobra to advance a solar photovoltaic project of over 150 MWp in Poland. Raen has sold an 80% stake in Solar Polska New Energy to Grupo Cobra's unit Zero-E and will be responsible for obtaining approvals and permits for the project. Raen will receive financial compensation upon reaching certain milestones and will have a 20% stake in the construction and management of the solar farm.

The project, located in Dobra, is expected to take two to three years to complete the permitting process. Raen believes that these agreements will have a positive impact on the financial results of the Raen Capital Group and sees potential for further collaboration with Zero-E on renewable energy projects in Poland.

What is the joint venture between Raen SA and Grupo Cobra for in Poland?

• The joint venture between Raen SA and Grupo Cobra aims to advance a solar photovoltaic project of over 150 MWp in Poland.
• Raen has sold an 80% stake in Solar Polska New Energy to Grupo Cobra's unit Zero-E.
• Raen will be responsible for obtaining approvals and permits for the project.
• Raen will receive financial compensation upon reaching certain milestones.
• Raen will have a 20% stake in the construction and management of the solar farm.
• The project is located in Dobra and is expected to take two to three years to complete the permitting process.
• Raen believes that these agreements will have a positive impact on the financial results of the Raen Capital Group.
• There is potential for further collaboration with Zero-E on renewable energy projects in Poland.