RP Global to develop a 1GW solar PV and wind project pipeline in Poland
Renewable energy developer and investor RP Global is working on a pipeline of projects in Poland to deliver more than 1,000 MW in the next two to four years. The first projects to be commissioned from this pipeline by mid-2022 include five Solar PV parks totalling approximately 180 MW, located in different regions of Poland.
RP Global has been present in Poland for over 15 years, having developed and built five wind farms in the country. The company owns and operates two wind farm summing 104 MW as part of a 50:50 joint venture with the Marguerite Fund, and it is well positioned to reinvest in wind development activities as well as in Poland’s newly booming PV market.
- A bright outlook for Solar PV and wind in Poland
Despite lower radiation levels than in the South of Europe, the falling cost of solar panels as well as and the growing capacities in the country’s auctions makes solar PV increasingly attractive.
“The opening up of the Polish government for low cost, environmentally friendly technologies, providing highly competitive LCOE, makes for an attractive market, even if Poland may not be the first country that comes to mind when thinking of attractive solar radiation”, said RP Global’s CEO Gerhard Matzinger.
RP Global’s management is also optimistic about the country’s future regarding wind power, trusting in the announced regulations, that are expected to leave the ‘distance law’ largely to the affected municipalities and enable new development. The aim is to restore the company’s position as one of the leading independent private wind farm developers and operators, as well as expand the business mainly through solar PV projects.