Columbus Energy Sells 28.1 MW Ready to Build Solar Projects

Columbus Energy, a Poland-based photovoltaics installer, entered into a preliminary agreement with Nyx Renewable Energy owned by GoldenPeaks Capital for the sale of 28.1 MW solar projects. The portfolio includes 30 Columbus Energy solar projects which are implemented by 19 subsidiaries of the Group. These projects have issued connection conditions and ready-to-build (RtB), with a total capacity of 28.1 MW. After determining the terms of the sale, the transaction will be completed in several tranches.

Financial details about the initial arrangement were undisclosed.

“We decided to sell some of our farm projects created and developed in Columbus. We strive to ensure that these assets increase in value, so when there is a business offer that affects the development of the Group, we are happy to use it. GoldenPeaks Capital is a fund specializing in the construction and operation of photovoltaic projects, which guarantees the implementation of these projects at the highest professional level” – says Dawid Zieliński, president of Columbus Energy SA.

GoldenPeaks Capital specializes in the construction and operation of photovoltaic systems and is stated to have over 15 years of experience in structuring energy projects around the world, with a total capacity of over 6,000 MW.

According to Mercom’s Q1 2024 Solar Funding and M&A Report, almost 10.8 GW of solar projects were acquired in Q1 2024 compared to 11.9 GW in Q1 2023. In a QoQ comparison, 13.7 GW of solar projects were acquired in Q4 2023.

BW Solar, a solar and storage project developer, announced the sale of 12 community solar projects with a total capacity of 76.7 MW in New York to Catalyze, a clean energy transition company that finances, builds, owns, and operates solar and battery storage systems. The portfolio consists of projects in the range of 6~38.2 MW, which are currently under pre-construction, and another group of projects in the range of 6~38.5 MW, which are in the early stage of development and are all located in upstate New York.