JSC Atsinaujinancios Energetikos Investicijos, a closed-end investment company focused on renewable energy, managed by Lords LB Asset Management, has successfully divested 100% of its ownership in Energy Solar Projekty Sp. z o.o. to a UK-based investment management firm specializing in renewable energy infrastructure. The transaction involves a portfolio of 66 MW solar photovoltaic (PV) farms in Poland, which have been operational since 2020.
"We are delighted with this deal, as it marks the first divestment from the JSC Atsinaujinan?ios Energetikos Investicijos portfolio," said Grete Bukauskaite, Manager of JSC Atsinaujinancios Energetikos Investicijos. "This divestment not only demonstrates the potential of the Polish renewable energy market but also represents a significant milestone in completing a full investment cycle—from construction to successful divestment."
The solar PV portfolio was acquired by JSC Atsinaujinancios Energetikos Investicijos in 2018 and was fully constructed and energized by 2020. The projects participate in Poland's Contract for Difference (CfD) scheme and are financed by a consortium of the European Investment Bank (EIB) and Bank Polska Kasa Opieki S.A. (PEKAO Bank).
Following the divestment, JSC Atsinaujinancios Energetikos Investicijos remains active in the Polish market, with an existing 190MW portfolio of solar PV projects. The company also owns three operational wind farms in Lithuania totaling 186MW of installed capacity and continues to expand its footprint in the renewable energy sector with a substantial development pipeline in Lithuania and Latvia.
Image source - Pexels.
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