Aberdeen Standard Investments has agreed to take a 100% stake in a 122MW photovoltaic portfolio in Poland.
The portfolio, developed by RPower, comprises 130 ground-mounted projects all of which have been awarded a 15 year contract-for-difference (CfD) support mechanism.
The portfolio is located predominantly in western and central Poland.
Aberdeen Standard Investments economic infrastructure head Dominic Helmsley said: “Following our strategy to acquire and manage premium infrastructure assets in Europe, this will be our sixth investment in the Polish renewable infrastructure market, strengthening our position as the leading investor in the Polish solar PV market.
“We are thrilled for the opportunity to play an active role in the growth of renewable energy in Poland, in particular the solar PV sector, which is underpinned by a supportive regulatory framework.
“RPower and Aberdeen Standard Investments have worked together to conclude a transaction that benefits all parties and look forward to expanding our cooperation in the future.”
RPower chief executive Przemek Pieta added: “It is our third transaction with ASI in the Polish market, which totals 168MW in solar PV capacity.
“It demonstrates that Poland has become an important part of the solar landscape in the EU with close to 2GW and highest growth in Europe.”
RPower has won solar auctions in Poland for a total capacity of almost 300MW.
In the country it is developing a portfolio of PV power plants of over 1000MW.
Abroad, the company has been developing solar projects in Portugal, Italy and Spain.