Ib Vogt agrees funding for 135MW Polish PV

Aug 31, 2022 04:16 PM ET
  • BayernLB as well as Siemens Financial Services, with Siemens Bank, are backing the solar scheme
Ib Vogt agrees funding for 135MW Polish PV
Image: Ib Vogt

Ib Vogt has agreed with BayernLB and also Siemens Financial Services, via Siemens Bank, the funding for a 135MWp solar project that is under construction in Poland.

The solar project notes a substantial investment in Poland's renewable energy industry with a total dedication of US$ 90.4 m (EUR90.4 m).

Industrial procedure of the first area is expected in September 2022, the full project will certainly be functional by the start of 2023.

The nuclear power plant is located near the communities of Zamość as well as Szczebrzeszyn in the Lublin voivodeship in the southeast of Poland.

The project covers a location of 154 ha of land with high solar irradiation and low-quality soil and will certainly consist of more than 250,000 photovoltaic panels.

With an outcome of as much as 150GWh annually, the panels will create clean solar electricity equivalent to the average consumption of 70,000 houses, conserving up to 100,000 tonnes of CO2 annually.

Ib Vogt chief executive Anton Milner said: "This project is another essential step for the business and our key mission helpful to drive the energy transition as well as the decarbonization of electrical power generation.

" We are very delighted with the progress of this, our first significant plant in Poland-- with more to find - which is the result of several years of involvement in the country.

" It notes a substantial landmark for Ib Vogt and our tasks in Central and Eastern Europe.

" We would love to thank our partners BayernLB and also Siemens Financial Services through Siemens Bank for their great support, competence as well as professionality in the funding of the project."



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