Energy and Infrastructure SME Fund, managed by Lords LB Asset Management, is set to finalise one of the biggest single Polish solar power projects to date by mid-2020s.
The project is set up to include 66 solar power parks with an installed capacity of up to 1MW each, totalling a wattage of at least 65.5MW. This constitutes a significant increase in the photovoltaic (PV) energy potential installed in Poland, which currently stands at around 1300MW.
Energy and Infrastructure SME Fund fund manager Domas Kačinskas said the company has been working on the project since 2018 and is happy to be part of Poland’s renewable energy transition.
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The construction of most sites is already well underway; in November, the first 10 parks were connected to the grid, and the first solar power plants are already generating electricity. The installation of the grand total of 240,000 individual solar panels in an area of some 120 hectares is all set in north-western Poland.
The plants will approximately save up to 46,600 tons of CO2 per year.
All of the plants under development won the Polish renewable energy auction in 2018 and were awarded a fixed electricity price for a period of 15 years.
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