The specific portfolio was developed by Green Genius, part of Lithuania’s Modus Group, and includes projects that were awarded 15-year Contract for Difference (CfD) in Poland’s 2019 renewable energy auction. Once up and running, the solar parks will have a combined output to supply about 24,000 homes per year.
The deal, the value of which was not disclosed, marks NPIII’s first acquisition in Poland. It is expected to be finalised in Q4, after all plants are switched on.
“We are delighted to announce this transaction marking NextPower III’s first acquisition in Poland, a market that provides excellent opportunities for our growth strategy,” said Filinto Martins, managing director and head of NPIII.