Polish solar power producer R.Power has announced a significant equity boost of EUR 25 million (USD 27m) from an investment committed by the European Bank for Reconstruction and Development (EBRD) and the Three Seas Initiative Investment Fund (3SIIF).
This infusion, part of a larger EUR-100-million investment pledged in October 2023, follows the achievement of key construction and development milestones.
The additional capital aims to strengthen R.Power's financial position and support its ambitious international expansion strategy.
The company plans to enhance its presence in markets including Romania, Italy, Portugal, Spain, and Germany, where it is actively developing over 26 GWp of photovoltaic and battery energy storage projects.
Despite the equity increase, R.Power maintains stability in its shareholding structure, emphasizing continuity in its operational and strategic objectives amid a dynamic renewable energy landscape.
