R Power has acquired a portfolio of photovoltaic projects with a cumulative capacity of 18MWp from Madrid-headquartered Elawan Energy, part of Japanese ORIX Group.
This sale falls within Elawan’s non-core asset divestment programme.
The projects, strategically located in the West Pomeranian and Greater Poland voivodeships, have been developed to a ready-to-build status and are intended for construction in 2024.
The 18MWp addition to R Power’s solar portfolio complements the company’s recent success in acquiring PV sites with a total capacity of 91MWp from EOS, a joint-venture controlled by Cero Generation.
The transactions showcased R Power’s dedication to utility size projects and solidified its position as a key player in the renewable energy sector in this part of Europe it said.
R Power board member Klaudiusz Kalisz said: “R Power remains active in M&A sector.
“We are actively looking for another projects to buy, particularly those ready for construction with established grid connection terms.
“As we acquire an 18 MWp solar project portfolio, this move, following our recent 91MWp purchase, reflects our unwavering commitment on becoming a major independent power producer, driving innovation, and contributing to the transition to clean and sustainable energy sources.”