Alternus Energy strengthens position in Polish market with 13 MW solar acquisition

Alternus is partnered with a local developer for the construction of the projects – part of a deal with a total contracted pipeline of 24 megawatt peak (MWp). The additional 11 MWp is currently expected to reach commercial operation in the first quarter of 2022.

Alternus Energy Group PLC, the independent power producer, said it has further strengthened its position in the Polish market after buying 12.9 megawatts (MW) of operational solar photo-voltaic (PV) assets for around €13 million.

The deal was fully funded by the €20 million bond issuance completed by Alternus in November this year.

Alternus is partnered with a local developer for the construction of the projects – part of a deal with a total contracted pipeline of 24 megawatt peak (MWp). The additional 11 MWp is currently expected to reach commercial operation in the first quarter of 2022.

“This transaction further strengthens our position in the Polish market following our market entry earlier this year. We view Poland as a key growth market thanks to the supportive policy, clean energy targets and established routes to market,” said Vincent Browne, the CEO of Alternus.

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