Airengy Tech Ltd. to acquire six solar projects in Poland totaling 34 MW for €23.7 million

The transaction reflects an average cost of roughly €690,000 per installed megawatt. Based on professional assessments, combined revenues in the first full year of operation are projected to reach €3–3.5 million, with annual EBITDA estimated at €2.3–2.7 million. Over the lifetime of the projects, total revenues are expected to reach €97–120 million and EBITDA €75–84 million. The remaining production (approximately 38%) is expected to be sold on the open market. This acquisition marks the initial stage of a broader platform of renewable energy and storage assets that Airengy is developing in Europe. The company aims to expand its presence in the Polish market and is considering additional opportunities in photovoltaic projects, storage assets, and wind developments, mainly in the ready-to-build or late-stage development phases. Airengy is in discussions with institutional investors in Israel to explore potential participation in financing aspects of the projects. This new activity complements the company’s core operations in long-duration energy storage based on Compressed Air Power Plant (CAPP) technology.