- RWE has revealed its acquisition of a Polish photovoltaic (PV) project developer alongside the company’s project pipeline of about 3 GW.
- The pipeline that RWE takes over includes early phase identified opportunities and shovel-ready projects spread across Poland.
RWE, a German energy company, has revealed its acquisition of Polish photovoltaic (PV) project developer Alpha Solar alongside the company’s project pipeline of about 3 GW.
The value of the acquisition was not disclosed. The purchase, however, expands the operations of RWE within the European Renewable energy industry, boosting its global solar development pipeline to 10 GW.
“This acquisition represents an excellent opportunity for RWE to diversify our global solar footprint while enhancing our local capabilities and renewables project pipeline in Poland. The country offers good locations for solar plants,” said Katja Wunschel, CEO of Onshore Wind and PV Europe & Australia, RWE Renewables.
Alpha Solar, based in Warsaw, was established in 2019 to provide comprehensive service in the solar development field. The services offered by the company include location selection, land acquisition, project design, permitting and execution.
The pipeline that RWE takes over includes early phase identified opportunities and shovel-ready projects spread across Poland. The majority of these are utility-scale schemes in various stages of development.
RWE will acquire the business together with a team of around 60 staff. The buyer said they would join the German company and work on the existing pipeline and new projects.
In Poland, RWE plans to build around 70 MW of new solar parks in 2022 and 2023, in addition to the capacity in Alpha Solar’s pipeline.