RGREEN INVEST, through its INFRAGREEN equity funds, and Renalfa Solarpro Group have reached an agreement to establish a new joint venture company, Renalfa Power Clusters (RPC). Both sponsors are jointly committing €200 million ($231.7 million) in equity to the company, which will finance the construction of an €800 million ($926.7 million) pipeline of large hybrid RES assets in Romania and Poland.
The new venture builds on the scale and success of the partners’ first joint venture, Renalfa IPP. In less than five years, Renalfa IPP has grown into one of Europe’s leading investors and operators of utility scale hybrid assets equipped with long-duration BESS. This rapid development has enabled Renalfa IPP to implement an innovative business model and become the first company in Europe to bring green baseload products to market.
The new company will deploy next generation technologies for renewable power generation, storage and dispatch, marking a pioneering step f
