NextPower III enters deal to acquire 43.2 MW Polish solar portfolio
NextPower III ESG (NPIII ESG), the international solar fund of NextEnergy Capital (NEC), has entered into an agreement to acquire a 42.3 MW solar photovoltaic project portfolio in Poland.
The solar PV project portfolio has been awarded a Contract for Difference (CfD) through the 2019 renewable energy auction, allowing the project to benefit from c.100% regulated revenues over 15 years (CPI linked). The portfolio was developed by Green Genius (part of Modus Group), a leading European developer of renewable energy projects.
The completion of the project is expected to occur in the fourth quarter of 2021. Once operational, the portfolio will produce enough clean electricity per year to power the equivalent of up to 24,200 households or remove 11,600 carbon-emitting cars off the road.
Country updates
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August 30, 2021
PGE picks financial advisor for 2.5 GW Baltica offshore wind
PGE and Orsted have selected Societe Generale SA to serve as advisor in obtaining financing for the two-phase 2500 MW Baltica offshore wind project. PGE named Société Géné...
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August 20, 2021
Greenvolt starts construction of 50 MW wind farms in Poland
GreenVolt, through V-Ridium, will start the construction of two wind farms in Poland with an installed capacity of 50 MW. The 15.4 MW Podlasek and 34.5 MW Wólka Dobryńska projects are expected...
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August 12, 2021
Mashav Energy secured financing for the 37 MW extension of Potegowo wind farm project
Potegowo Mashav Sp. z o.o., a special purpose vehicle owned by Israel Infrastructure Fund through local firm Mashav Energy Sp. z o.o., has secured financing for the 37.4 MW extension of the ...
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July 09, 2021
OX2 divests 45 MW Huszlew wind project in Mazowieckie
OX2 has sold a wind farm in Eastern Poland with the capacity of 45 MW to funds managed by Octopus Renewables. OX2 will directly begin construction of the wind farm with delivery expected in 2023. The...
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June 30, 2021
Santander, Energix - Renewable Energies sign loan for 81.4 MW Banie III and 44 MW Sepopol wind projects
The Santander Group and Energix - Renewable Energies have signed a loan agreement worth PLN550 million (US$145 million) to finance a portfolio of two onshore wind farms with a total capacity of 125 MW...
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