Sun Investment Group (SIG), Poland’s leading solar energy investment and development management company, and E energija group, a strategic renewables investor, have sold their portfolio of solar energy plants in Poland with a total capacity of 42.37 megawatts to Aberdeen Standard Investments.
Aberdeen Standard Investments has agreed to purchase this fully-developed project portfolio of 43 solar plants across Poland, which are worth approximately 1 megawatt each and have a CfD feed-in tariff of 15 years.
“We are very pleased that SIG has been recognized as a market-leading developer of world-class solar energy projects by Aberdeen Standard Investments,” said Deividas Varabauskas, founder and CEO of SIG. “Their acquisition of our solar portfolio is proof that Poland’s solar energy market is ripe for investment. Since we entered the Polish market in 2017 and decided to invest €40 million [$45 million] into solar across the country, we always maintained that we would not sell our Polish assets until a large portfolio or utility company willing to make a large-scale acquisition came in. The recent sale of our assets shows that Poland’s infrastructure and governmental support for solar have made the country a credible location for internationally-operating investors. Looking to the future, we will be developing an additional 600 megawatts of solar installations across Poland."
