- NeoInvestments and China’s CSEEC will develop a 600 MW solar PV project in Poland with energy storage capacity along with Strategic Swiss Partners
- To be stationed on land degraded by mining activities, the 600 MW plant will be realized by Energia Przykona by 2021
- On completion, it will generate around 630 GWh of clean power annually
- According to Reuters, up to 500 MW of PV capacity will also be developed separately in the country by PGE Capital Group for government’s copper and refined silver producer KGHM
A 600 MW solar PV project with Ean nergy storage component is in the offing for Poland, proposed by Polish private equity fund NeoInvestments and Chinese power engineering company, China Sinogy Electric Engineering Co., Ltd. (CSEEC). The two announced their plan to develop this project in the country by 2021 through special purpose company Energia Przykona.
An official agreement was signed to this effect for what the companies called as the country’s ‘biggest photovoltaic power station,’ according to Reuters.
Polish news portal 300 GOSPODARKA shared more details about the 600 MW proposed plant saying it will generate 630 GWh of clean power annually which will account for 3% of the country’s power produced from renewable energy sources.
The project is planned to come up on ‘low-class’ agricultural land degraded by mining activities in eastern Greater Poland and will be funded by NeoInvestments and Strategic Swiss Partners AG (SSP) while CSEEC and SSP will be responsible for technology, project construction and commissioning of the project.
500 MW PV partnership
The news of the 600 MW PV project comes soon after PGE Capital Group signed a letter of intent to develop solar PV projects and power generated to be sold to state-owned copper and refined silver producer KGHM. A joint venture will be launched to implement the capacity which Reuters says could total at up to 500 MW by 2023.
Polish renewable energy institute IEO expects Poland to report over 1 GW of new deployments in 2019 which will take the country’s total installed PV capacity at the end of the year to 1.5 GW (see Poland To Add 1 GW PV In 2019).