Çalık Renewables has acquired a 255-megawatt photovoltaic portfolio in Poland from PAD RES Group, marking the Turkish developer’s first renewable energy investment in the country.
PAD RES Group, which is majority owned by a joint venture between Kajima Partnerships and Griffin Capital Partners, said the transaction lifts Çalık Renewables’ international installed renewable capacity to more than 400 MW.
The assets include the fully operational Sztum and Stargard solar projects in Poland’s Pomeranian and West Pomeranian regions, which together generate more than 270,000 megawatt hours of electricity annually.
PAD RES said it will continue to provide asset management services for the projects and has also signed a cooperation agreement with Çalık Renewables to jointly develop battery storage and wind farms using a cable-pooling model, in line with the buyer’s longer-term plans.
“Poland is a strategic market that has been underpinning its strong and stable economic growth with a determined energy transition in recent years,” said Emre Erdoğan, general manager of Çalık Renewables.
“This investment by Çalık Renewables clearly demonstrates Çalık Group’s long-term commitment to sustainable economic growth and the green energy transition in Poland,” he added.
Çalık Renewables said the acquisition follows its first international investment in Kosovo’s Zatric wind power plant and aligns with Çalık Group’s broader activities in Poland, which include construction of a 1.3-gigawatt hydrogen-ready combined-cycle gas power plant in Kozienice by subsidiary Çalık Enerji.
PAD RES chief executive Mariusz Adamczewski said the divestment supports the company’s strategy of building a multi-technology renewables platform.
“The sale of a fully operational portfolio of photovoltaic farms is fully consistent with PAD RES Group’s long-term approach to portfolio development,” Adamczewski said, adding that the transaction would allow the company to recycle capital into new projects across solar, wind, biogas and battery storage.
“This transaction primarily enables us to release capital for further renewable energy investments and, at the same time, diversify our generation assets,” he said.
Chris Gill, managing director at Kajima Partnerships, said the deal would help accelerate PAD RES’s development pipeline.
“By recycling capital from operational assets, PAD RES can accelerate the development of new projects, including battery storage and wind, which are critical to Poland’s green energy transition,” Gill said.
Griffin Capital Partners director Jedrzej Socha said the model adopted by PAD RES, combining cable pooling with energy storage, allows for more efficient use of existing grid infrastructure and enhances asset value over the full lifecycle.
