Project Solartechnik will sell a portfolio of built photovoltaic installations to the KGHM Polska Miedź Group. A preliminary agreement was signed today.
PST began its cooperation with KGHM with a pioneering physical PPA-type contract in a Pay-As-Produced structure for the supply of green energy from one photovoltaic farm owned by Projekt Solartechnik. KGHM will now become the owner of this and seven other solar power plants.
Signed on 12 September 2023 with KGHM Polska Miedz, the preliminary agreement includes the sale of completed photovoltaic farms with a total capacity of nearly 50 MW. In addition, Projekt Solartechnik will provide an after-sales maintenance service for the photovoltaic farms that are the subject of the transaction.
The photovoltaic farms purchased by KGHM are located in the Lower Silesian, Łódź, Pomeranian, and Greater Poland provinces.
In the transaction process for the sale of the portfolio of photovoltaic farms, Projekt Solartechnik was supported by: TDJ in the M&A area, PwC as lead transaction advisor, and GNZ Legal as legal advisor.
Each additional project in the photovoltaic installation portfolio completed by Projekt Solartechnik influences the diversification of Grenevia’s business and increases the share of green business in its revenues. The agreement with KGHM strengthens the company’s position in the PV market and proves that it has the competence and potential to carry out projects for the largest national entities.
– Supporting the construction of a low-carbon economy is the vision that guided the creation of Grenevia. I am glad that with TDJ’s competence and experience, we effectively support our portfolio companies in building their value and M&A processes. I congratulate and thank all the people and teams involved in the transaction,” says Jacek Leonkiewicz, CEO of TDJ.
