RWE has acquired Polish photovoltaic (PV) development company Alpha Solar, strengthening its European renewables business.
With the acquisition, RWE takes over a 3-gigawatts solar-project pipeline in Poland, adding to its existing global development pipeline of 10 gigawatts in solar projects. Financial terms were not disclosed.
The majority of projects are utility-scale and in various stages of development. The maturity of projects ranges from early phase identified opportunities to ready-to-build projects.
“This acquisition represents an excellent opportunity for RWE to diversify sour global solar footprint, while further enhancing our local capabilities and renewables project pipeline in Poland,” said Katja Wünschel, CEO of onshore wind and PV Europe & Australia at RWE Renewables. “The country offers good locations for solar plants. Together with the existing team we are well positioned to implement this large-scale project pipeline in the years to