Renewable energy-focused power provider RWE announced today that it has acquired Polish photovoltaic (PV) development company Alpha Solar, adding 3GW to its solar project pipeline, along with a team of around 60 professionals.
The majority of Alpha’s projects are utility-scale, and are in different stages of development, with maturity ranging from early-phase to ready-to-build projects. Alpha Solar’s team will be joining RWE and they will work towards delivering the existing pipeline of solar projects and on the development of new ones.
Markus Krebber, CEO of RWE AG, said:
“The experienced development team joining RWE and the attractive project pipeline are a perfect match with our existing business. RWE is already one of the world’s leading renewable energy companies and this transaction underlines our ambition to grow rapidly and sustainably.”
According to RWE, the acquisition adds to the company’s existing global development pipeline of 10 GW in solar projects. The company stated that it also plans to build and commission new PV projects in Poland with a capacity of about 70 MWac in 2022 and 2023. RWE also operates onshore wind farms in Poland with a capacity of over 420 MW, and stated that it is pushing ahead with its portfolio expansion in onshore and offshore wind.
Terms of the acquisition were not disclosed.
Katja Wünschel, CEO Onshore Wind and PV Europe & Australia, RWE Renewables, said:
“This acquisition represents an excellent opportunity for RWE to diversify our global solar footprint, while further enhancing our local capabilities and renewables project pipeline in Poland. The country offers good locations for solar plants. We warmly welcome our new colleagues at RWE. Together with the existing team we are well positioned to implement this large-scale project pipeline in the years to come.”