Greenvolt, a solar and wind project developer, reached an agreement with Energa Wytwarzanie to sell a portfolio comprising two renewable energy projects in Poland for €107 million (~$118.26 million).
The agreement includes the Opalenica project, which consists of three solar parks with a total capacity of 22 MW, and the Sompolno project, with an installed capacity of 26 MW of wind and 10 MW of solar that will complement each other to deliver even more energy with maximum efficiency.
The transaction will be concluded as soon as the Commercial Operation Date (COD) of the first park is reached, in this case, the Sompolno Park, which is expected to reach COD in December 2023, while the Opalenica Park will start operating in June 2024.
“These two projects, now in the final stages of construction, are an excellent example of the Greenvolt Group’s ability to develop high-quality renewable energy projects with innovative solutions that maximize production capacity, which is valued by buyers, in this case, by Energa”, states João Manso Neto.
“We are witnessing a growing appetite for the renewable energy projects that we develop”, added the CEO of the Greenvolt Group, noting the company’s commitment to 200 MW worth of sales in wind and solar assets until the end of this year as defined in the strategic plan presented to investors.
According to Mercom’s 1H and Q2 2023 Solar Funding and M&A Report, in 1H 2023, there were 116 project acquisitions for 25.5 GW of solar projects compared to 148 project acquisitions totaling 37.8 GW in 1H 2022.
Modus Asset Management, a Lithuania-based renewables investor through its Clean Energy Infrastructure Fund (the “Fund”), and Evecon, a solar and wind project developer, recently entered into a transaction whereby the Fund will acquire a 100% stake in a 55 MW solar PV portfolio of ground-mounted solar photovoltaic projects in Latvia.
