Copernic raises PLN 10 million for PV expansion

Copernic wants to build 1,000 PV farms with a capacity of 1 GW by 2030. However, an obstacle may be refusals to implement investments, resulting from the failure to deliver fast development of transmission networks.

Each Pole produces 9 tons of carbon dioxide per year, twice as much as Swedes. Poland is also far ahead of Hungarians and Chinese. We owe such a high position mainly to coal-based energy. Interestingly, as much as 10 percent of the overall emissions is generated by just one power plant – Bełchatów.

Led by Rahim Blak, Copernic is building solar farms with its new investment funds. They invest by buying COP tokens. Each of them is worth PLN 4 and entitles you to a lease contract of a part of a photovoltaic farm with a production capacity of 1W for 25 years.

Copernic wants to build 1,000 farms by 2030. They are to have a total capacity of 1,000 MW, which is only 2.5 less than PGE’s farms. Farm costs are, above all, land and its acquisition – and its one of the greatest challenges today. A farm with a capacity of 1 MW covers 1.5 hectares.

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