R Power goes into German solar market

• Polish designer has authorized a participation arrangement with a concealed developer for 80MW of projects

Polish solar designer R Power has gotten in the Germany solar market having actually signed a cooperation arrangement with a concealed developer for 80MW of projects.

The solar projects are located in numerous regions of the country.

R Power has already protected funds for the acquisition of the projects.

At the beginning of June it developed a programme to issue green bonds with a complete nominal value of approximately EUR225m, which need to fulfill the requirements for green bonds according to the Green Bond Principles (GBP) created by the International Capital Market Association (ICMA).

Bonds with an overall nominal value of EUR34m were issued under the first series and several of them will be used for the firm's development in Germany.

R Power Chief Executive Officer and founder Przemek Pieta claimed: "We prepare to continually enhance our setting in Europe.

" In order to turn into one of the biggest solar companies on our continent, we need to increase right into more countries.

" Germany, as a vital market in the area, is the next step for us. We wish to appoint pro-jects of a capability of a minimum of 100 MWp here yearly.

" In the future, we prepare to sign more contracts with German programmers, as well as separately search for land for future PV farms."

R Power is creating a portfolio of PV farms with a capability of over 4GW in Germany.