PAD RES to develop 45.5 MW of solar farms in Poland

• Polish financier Griffin Capital Partners claimed its associated neighborhood clean power programmer PAD RES will certainly build 10 solar (PV) farms with a complete capacity of 45.5 MW in 5 different provinces of Poland.

The solar parks will certainly be commissioned in the last quarter of 2023 as well as the very first quarter of 2024, Griffin said on Thursday.

Units of PAD RES have actually employed Polish professional ONDE for the solar farms' building and construction, approximated at an overall of PLN 135 million (USD 30.9 m/EUR 29.1 m).

The developer's portfolio up until now consisted of 13 projects with a total capacity of 350 MW situated throughout the nation, said Wojciech Jasinski, construction supervisor at PAD RES. "Currently, thanks to the teamwork with ONDE, we will certainly complete an additional 10 investments, whose power ranges from 1MW to 10MW," he added.

Griffin as well as real estate developer Kajima Europe acquired in September 2021 a majority risk in PAD RES, keeping as co-owner, owner and chief executive officer Mariusz Adamczewski. Since then, PAD RES has begun work on projects with a total capacity of 500 MW, every one of which have effective applications for grid connection, Griffin kept in mind.

The renewable energy market in Poland is still in the onset of advancement and also the present circumstance asks for raised investment in the segment, claimed Tomasz Mrowczyk, co-managing partner at Griffin.