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<p>European independent power producer <a href="https://alternusenergy.com/" target="_blank" rel="noopener">Alternus Energy Group</a> said it had acquired a 64.6 MW Polish solar project from <a href="https://www.baywa-re.com/en/">BayWa r.e.</a>, a renewable energy projects developer. Both parties had signed a sales agreement last month.</p>
<p>With this acquisition, the solar park &#8211; located in Witnica, Poland, becomes Alternus&#8217; largest operational solar farm. The project is Poland&#8217;s first subsidy-free utility-scale solar installation with a corporate power purchase (PPA) agreement. A 10-year virtual PPA is secured with Gorazdze Cement S.A., a subsidiary of Heidelberg Cement Group.</p>
<p>Joseph Duey, Chief Financial Officer of Alternus Energy, said that the company&#8217;s cumulative capacity increased to 130 MW across 24 solar parks in five European countries with this acquisition.</p>
<p>BayWa r.e. will continue to supply operations and maintenance services at the solar park, the company said in a press statement.</p>
<p>Commenting on the acquisition, Vincent Browne, Chairman and Chief Executive Officer of Alternus Energy, said, &#8220;We are delighted to mark our official entry into the Polish market with the acquisition of the Witnica solar park, the first subsidy-free, PPA-backed utility-scale solar installation in Poland. We have plans for further expansion within the country over the next 12 months.&#8221;</p>
<p>Benedikt Ortmann, Global Director of Solar Projects at BayWa r.e., said the project&#8217;s sale to Alternus Energy is in line with our goal of developing and selling additional solar capacity in future years and highlights the attractiveness of renewable energy assets to investors.</p>
<p>In June 2021, Alternus Energy Group <a href="https://mercomindia.com/funding-and-ma-roundup-raygen-storage/" target="_blank" rel="noopener">acquired</a> a 60% share in Unisun Energy, a Netherlands-based renewable energy project developer and engineering, procurement, and construction service provider.</p>
<p>In May 2021, Alternus Energy <a href="https://mercomindia.com/project-finance-brief-lightsource-bp-4/" target="_blank" rel="noopener">acquired</a> a 20 MW solar park LJG Green Source Energy Beta SRL in Romania from Risen Energy for €22 million (~$26.4 million). The solar park has been in operation since 2013 and produces approximately 25.5 GWh of power annually.</p>
<p>Mercom had earlier <a href="https://mercomindia.com/bayware-acquires-enable-energy/" target="_blank" rel="noopener">reported</a> that BayWa r.e. acquired Enable Energy, a U.S.-based commercial and industrial solar and energy storage solutions provider. The company says it currently has 3 GW of renewable energy online while managing 8.3 GW of assets around the world.</p>
<p>According to Mercom&#8217;s <a href="https://mercomcapital.com/product/1h-q2-2021-solar-funding-ma-report/" target="_blank" rel="noopener">1H and Q2 2021 Solar Funding and M&amp;A Report</a>, in 1H 2021, 135 projects were acquired, totaling 39.3 GW compared to 91 project acquisitions for 14.7 GW in 1H 2020.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/harsh-shukla/" class="vcard author" rel="author"><span class="fn">Harsh Shukla</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><p><img class="alignleft" src="https://mercomindia.com/wp-content/uploads/2022/02/Harsh-Shukla-293x300-1-new.jpg" width="99" height="102" /><a href="https://mercomindia.com/author/harsh-shukla/" target="_blank" rel="noopener"><strong style="color: #00b451">Harsh Shukla</strong> </a>is a staff reporter at Mercom India. Previously with Indian Express, he has covered general interest stories. He holds a Masters Degree in Journalism from Symbiosis Institute of Media and Communication, Pune.</p>
<p><a href="https://mercomindia.com/author/harsh-shukla/">More articles from Harsh Shukla.</a></p>
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Alternus Energy Acquires a 64.6 MW Solar Project in Poland from BayWa r.e.

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