Polish Solar Power: Hive Energy's Green Investment Expansion
- Hive Energy and T&T Proenergy join forces to bring green power to Poland, with a focus on renewable energy projects and government support for a sustainable future.
Hive Energy has acquired four early-stage solar projects totaling 272MW from Polish developer T&T Proenergy. The projects will be co-developed to ready-to-build status, continuing the partnership between the two companies that began in 2023 with the acquisition of three solar projects in Poland. The ongoing development agreement includes a minimum of 700MW in photovoltaic projects in the region, with options to potentially extend the partnership in the future.
Poland is seen as a suitable investment region for Hive Energy due to the quality of projects and developers, attractive energy prices, and government support for renewable energy. The collaboration between Hive Energy and T&T Proenergy aims to bring green power to Poland and contribute to the country's energy mix transition away from fossil fuels. The CEO of T&T Proenergy expressed satisfaction with the partnership and highlighted the potential for funds from the EU to support energy transformation and grid expansion in Poland.
Why is Poland an attractive investment region for Hive Energy?
- Quality of projects and developers in Poland
- Attractive energy prices in the region
- Government support for renewable energy initiatives
- Potential for funds from the EU to support energy transformation and grid expansion
- Contribution to Poland's energy mix transition away from fossil fuels
