Çalık Renewables Acquires 255 MW Operational Solar Portfolio in Poland from PAD RES Group
Çalık Renewables has acquired a 255 MW operational photovoltaic portfolio in Poland from PAD RES Group, comprising the Sztum and Stargard solar projects. The transaction marks Çalık Renewables’ first investment in the Polish renewables market and supports further development of storage and wind projects.
Transaction date: · Source: griffin-cp.com
Key facts
- Transaction date
- Technology
- Solar PV
- Capacity
- 255 MW
- Transaction price
- Not disclosed
- Buyer
- Çalık Renewables
- Seller
- PAD RES Group
- Country
- Poland
- Region
- Pomeranian Voivodeship, West Pomeranian Voivodeship
- Location
- Sztum and Stargard
- Continent
- Europe
- Development status
- Operational
- PPA
- n.a.
Technology details
Photovoltaic portfolio comprising the fully operational Sztum and Stargard solar projects with a combined installed capacity of 255 MW, generating more than 270,000 MWh of electricity annually.
Additional information
The transaction represents Çalık Renewables’ first renewable energy investment in Poland and increases its international installed renewable capacity to more than 400 MW. PAD RES Group will continue to provide asset management services for the projects and has entered into a cooperation agreement with Çalık Renewables to jointly develop battery energy storage systems and wind farms under a cable pooling model. The sale supports PAD RES Group’s capital recycling strategy to expand its multi-technology renewable energy platform.
Source
Original announcement: https://griffin-cp.com/calik-renewables-with-strategic-investment-in-poland-acquiring-a-255-mw-photovoltaic-portfolio-from-pad-res-group/