R.Power reinforces Polish solar presence through the acquisition of PV devices dealer
- Solar programmer R.Power Group is expanding its existence in its house nation of Poland through the acquisition of Poland-based PV tools dealer Menlo Electric.
Menlo Electric offers in 10 EU nations and also has actually established partnerships with "top quality suppliers like Jinko, Risen, SolarEdge, Sungrow, FoxESS, BAKS", according to an R.Power media statement.
R.Power claimed the acquisition supplies an exceptional platform for R.Power to scale its wholesale company, with the mixed group seeking to obtain more than 1GW of modules next year.
The wholesale market is "frequently forgotten" by investors, programmers and installers, claimed R.Power's CEO Przemek Pieta, including that "worldwide of unpredictable prices and also supply disturbances, dealers will certainly play an important function in handling these risks for various other industry players".
Last month, R.Power launched a tendering programme for PV modules, frameworks and also other parts worth virtually EUR200 million (US$ 231 million) as it looks for to develop its solar pipeline in Poland.
This followed its access into the Romanian solar market with a partnership with an unrevealed renewable energy company that will see both establish a solar portfolio totalling 100MW.
The amount the purchase deserved was not disclosed by R.Power.
