ML System subsidiary has contract for design and construction of Batkowo PV power plant for PLN 31.9 million

ML System+, a subsidiary of ML System, concluded an agreement with EW Batkowo regarding the implementation of an investment consisting in the comprehensive design and construction of the Batkowo Photovoltaic Power Plant with a total capacity of 17.89 MWp along with accompanying infrastructure and an energy connection, ML System reported. The total value of the contract is PLN 31.9 million net.

The agreement provides for the possible expansion of the Batkowo Photovoltaic Power Plant with an additional capacity of 12.11 MWp, it was announced.

“The implementation of the investment was divided by the ordering party into two stages: the design stage and the implementation stage. The commencement of the implementation stage will depend on the completion of the design stage, obtaining a replacement building permit by the contractor, signing a connection agreement with the system operator and obtaining financing by the ordering party,” we read in the announcement.

The deadline for the execution of the contract to the extent enabling the acceptance of the main part of the subject of the contract will be in the fourth quarter of 2024. The final acceptance of the investment is scheduled for the first quarter of 2025.

ML System is a specialized technology company offering innovative photovoltaic solutions integrated with construction (BIPV). ML System products are an alternative to traditional building materials. The company has been listed on the main market of the WSE since 2018. In 2022, it had PLN 281.7 million of consolidated revenues.

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