The company Atsinaujinancios Energetikos Investicijos continues to invest in Poland. Following the signing of a contract with the contracting company P&Q, construction of a 48 megawatt (MW) solar park with a value of €30m is starting in the neighbouring country.
The closed-end investment company Atsinaujinan?ios Energetikos Investicijos, owned by the investment fund Lords LB Asset Management, is increasing the volume of investment projects in Poland. Construction of a 48 MW solar farm has started after the signing of a contract with P&Q, one of the largest contractors in the neighbouring country.
“This is our first contract with this contracting company. However, we know the company well, as we have negotiated other projects with it before,” said Kristina Bugaitiene, Business Development Manager of the company Atsinaujinancios Energetikos Investicijos.
P&Q is currently preparing the sites in Poland for the construction of the plants and the solar modules together with the inverters are being custom-made by Trina Solar, one of the world’s largest manufacturers of vertically integrated solar panels. According to K. Bugaitiene, the operator has already prepared the grid connection sites for some of the plants in Poland, so it is expected that solar power generation will start on schedule.
The construction of the 48 MW solar park in Poland is expected to be completed in about a year, by the end of 2025. The park is part of a portfolio of 114.5 MW solar parks. The first phase of the 66.5 MW park has already been completed. With the construction of the second phase of 48 MW, the total investment in this portfolio of solar projects in Poland will reach €70m. The electricity generated by the plants of this capacity could supply around 9,600 households.
“Electricity will be sold on the market and we do not plan to sign any specific supply contracts. All of our existing renewable electricity generation projects are also participating in the so-called Contract of Difference (CfD) auction. This ensures a fixed price for part of the electricity sold,” said Kristina Bugaitiene.
Image source - Pexels.
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