Renewable Power (R Power) has successfully acquired a portfolio of photovoltaic projects with a cumulative capacity of 18MWp from Elawan Energy, a Madrid-based company under the Japanese ORIX Group. This transaction is part of Elawan's ongoing non-core asset divestment program, showcasing a strategic alignment between the two entities.
The acquired projects, strategically located in the West Pomeranian and Greater Poland voivodeships, have reached a ready-to-build status and are slated for construction in 2024. This addition bolsters R Power's solar portfolio, following its recent success in acquiring PV sites with a total capacity of 91MWp from EOS, a joint venture controlled by Cero Generation.
R Power's involvement in utility-scale projects is underscored by these transactions, solidifying its position as a key player in the renewable energy sector in this region of Europe. Klaudiusz Kalisz, a board member at R Power, highlighted the company's commitment to mergers and acquisitions, emphasizing their active pursuit of projects that are ready for construction and possess established grid connection terms.
“As we acquire an 18MWp solar project portfolio, this move, following our recent 91MWp purchase, reflects our unwavering commitment to becoming a major independent power producer, driving innovation, and contributing to the transition to clean and sustainable energy sources,” stated Kalisz. R Power's strategic moves align with the broader industry trends toward expanding renewable energy capacities and facilitating the transition to a cleaner energy landscape.