Three Seas Initiative fund to buy into Polish solar developer R.Power

Feb 1, 2023 11:33 AM ET
  • Luxembourg-based capitalist Three Seas Initiative Investment Fund SA SICAV-RAIF (3SIIF) has actually requested antitrust approval to take joint control of Polish solar project developer R.Power, competition regulatory authority UOKiK stated on Tuesday.
Three Seas Initiative fund to buy into Polish solar developer R.Power
Image: R.Power

Earlier in January R.Power said that as a result of its funding boost, it has accepted among the three offers for a minority stake in the business as well as given an unrevealed potential capitalist special civil liberties for more talks. The parties intend to authorize an investment agreement subject to UOKiK approval.

In July R.Power revealed a share issue guided at a financial financier, which is to become a considerable minority shareholder of the firm.

R.Power's group of firms creates, develops and also operates solar farms in addition to generates power in its own centers. It has 7.8 GWp of projects in the pipe of which 790 MWp are totally created centers and 635 MWp are presently under construction or already generating green energy. The firm had consolidated sales of PLN 231 million (USD 53m/EUR 49m) in 2021 as well as a net profit of PLN 6 million.

3SIIF is an alternative investment fund energetic in power, transportation as well as electronic infrastructure.

Solar Installers, Manufacturers