R Power has entered into a partnership with an unnamed financial investor under which the investor will acquire a minority stake in two special purpose vehicles (SPVs) that are developing photovoltaic projects in Poland with a combined capacity of nearly 92MWp.
The deal to acquire a 49.9% shareholding has been formalised through the signing of conditional investment agreements.
The transaction involves the sale of minority interests in the SPVs that hold the rights to two renewable energy assets in Poland.
The collaboration covers the development and construction of PV installations located in Krzyżowa and Lasocice, both of which are at a near ready-to-build stage.
The total planned capacity of the projects is 91.6MWp.
The scope of the partnership also includes the development of onshore wind energy at the same grid connection point as the Lasocice project.
Furthermore, the integration of Battery Energy Storage Systems (BESS) is being considered for both locations at a later stage.
The anticipated commercial operation date (COD) is 2027. The agreement also allows for a potential expansion of the total capacity developed within the partnership.
Katarzyna Suchcicka, vice president of the management board at R Power, said: “This is another step in executing our project financing strategy – collaborating with trusted investors allows us to accelerate the energy transition and scale up our investments.”