R.Power signs power purchase agreements with European energy group for solar projects in Poland

Poland-based solar developer R.Power finalized power purchase agreements (PPAs) with an unnamed European energy group for unspecified solar projects in Poland. The transaction marks R.Power's expansion of corporate PPA portfolios in Central Europe, aligning with Poland's accelerating solar capacity additions. The European energy group, a major utility player in the region, will purchase the generated electricity under long-term contracts, providing revenue stability for R.Power's pipeline. While project specifics such as capacity and financial terms were not disclosed, the agreements underscore growing corporate demand for renewable energy sourcing in Poland's evolving energy market. The PPAs are expected to support R.Power's operational scale-up amid Poland's solar sector growth, which has seen over 10 GW of installed capacity added since 2020.

Counterparts (2)

Offtaker

European Energy

company · 6 deals

European Energy is a renewable energy company focused on developing, constructing, and operating solar, onshore wind, offshore wind, Power-to-X, battery storage, and carbon capture projects. They have a global presence and aim to be a major force in driving the green transition.

Developer

R.Power

company · 1 deals

Warsaw-based European independent power producer and renewable energy developer with 12.4 GW of grid-connected capacity across Poland, Italy, Portugal, Spain, Germany, and Romania, specializing in large-scale solar PV, onshore wind, and battery storage projects.