DUBLIN, IRELAND: Alternus Energy Group doubles its installed capacity with the acquisition of a 64.6 MWp Polish solar park from leading global renewable energy company BayWa r.e.
The sales contract was signed between the parties in August 2021.
The solar park is in Witnica, close to the German border between Poznan and Berlin. It is Poland’s first subsidy-free utility-scale solar installation with a corporate power purchase agreement (PPA) in place. The project is also the largest in Alternus’ operational portfolio to date. BayWa r.e. will continue to supply operations and maintenance services at the solar park.
A 10-year virtual PPA has been secured with Górazdze Cement S.A., the Polish subsidiary of Heidelberg Cement Group.
Speaking about the exciting acquisition, Vincent Browne, Chairman and CEO of Alternus said: “We are delighted to mark our official entry into the Polish market with the acquisition of the Witnica solar park, the first subsidy-free, PPA-backed utility-scale solar installation in Poland.
We have plans for further expansion within the country over the next 12 months and hope to share updates on that shortly. It was a pleasure working with the BayWa r.e. team on this project and we look forward to future successful engagement with them across key markets.”
Commenting on the new partnership, Dr. Benedikt Ortmann, Global Director of Solar Projects at BayWa r.e. said: “The sale to Alternus Energy aligns well with our goal of developing and selling additional solar capacity in Poland in future years and further highlights the attractiveness of renewable energy assets to investors. We look forward to future engagement with the Alternus team as both companies work to support the transition to renewables across Europe.”
“With this acquisition, Alternus increases its power generation capacity by 100% and now operates a diverse portfolio of 24 solar PV parks across five European countries with a combined capacity of 130 MWp” added CFO of Alternus, Joseph Duey.