Poland's R.Power purchases 59-MWp solar project package in Portugal

• Polish solar project developer R.Power announced on Tuesday it has gotten a 59-MWp portfolio of solar projects in Portugal and also is looking for brand-new financial investments in the Iberian country.

All projects are expected to come to be shovel-ready this year and get in building in 2022. They will certainly operate under long-term power purchase arrangements (PPAs), with no aids to be gotten. R.Power approximates the worth of the investment at approximately PLN 160 million (USD 41.7 m/EUR 35.2 m), including the acquisition and construction costs.

The photovoltaic (PV) parks consisted of in the portfolio will certainly be constructed throughout the areas of Santarem, Portalegre and also Castelo Branco. When up and running, they are anticipated to have a consolidated yearly result of around 100 GWh, attended be enough to supply near 30,000 homes each year.

Following the offer, R.Power has increased its functional solar capacity in Portugal to 70 MWp. Discussing the Portuguese market, R.Power's CEO and co-founder Przemek Pieta claimed that the business is preparing "intensive growth" there as the market allows capability implementations without using subsidies. "We are currently trying to find brand-new investments and are recruiting for numerous crucial placements," he included.