RWE has acquired the Polish solar developer Alpha Solar, granting it ownership of a 3000MW pipeline of projects.
Alpha Solar is headquartered in Warsaw and supported by three local offices in Inowrocław, Łódź and Rzeszów and has expertise across the entire development process from land acquisition to construction readiness, RWE said.
As part of RWE, it will work on delivering the existing pipeline of solar projects as well as developing new projects.
The Polish developer also comes with a team of around 60 professionals with experience in the solar sector.
The majority of the solar sites are of utility-scale in various stages of development, ranging from early phase identified opportunities to ready-to-build projects.
The 3GW portfolio is set to add to the German developer’s existing global development pipeline of 10GW in solar projects.
RWE said that it was agreed to keep confidentiality on the purchase price.
It added that during 2022 and 2023 it also plans to build and commission new PV projects in Poland with a capacity of approximately 70 MW, in addition to its newly acquired pipeline.
RWE CEO Onshore Wind and PV Europe & Australia said: “This acquisition represents an excellent opportunity for RWE to diversify our global solar footprint, while further enhancing our local capabilities and renewables project pipeline in Poland.
“The country offers good locations for solar plants. We warmly welcome our new colleagues at RWE.
“Together with the existing team we are well positioned to implement this large-scale project pipeline in the years to come.”