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Mono Vs Poly – An Introspective Simulation Study! – Part 3

01 October 2019
Mono Vs Poly – An Introspective Simulation Study! – Part 3

While the previous two parts of the article “Mono vs Poly – An introspective simulation study! – Part 1 & Part 2” introduced the types of crystalline technology, the need for this study, the methodology of study and detailed technical results of all climatic zones, this part would present a fina...

Solar Power Is India’s Green Future

01 October 2019
Solar Power Is India’s Green Future

In 2018, the solar power industry saw a 24% increase in its y-o-y capacity additions, while hydropower saw 2% and wind energy saw a 10% increase).

Ginlong Solis Powers Large Rooftop Solar Projects By SunSource

30 September 2019
Ginlong Solis Powers Large Rooftop Solar Projects By SunSource

India’s rooftop solar growth story is gathering great momentum in 2019. As per the recent government statistics, rooftop solar power installations in India saw an addition of a record 1,836 megawatt (MW). The total rooftop solar power installed capacity now stands at approximately 4,500 MW an 80% gr...

‘Elmex’ Has Installed More Than 3 Million Connectors At 200+ Sites Across India

30 September 2019
‘Elmex’ Has Installed More Than 3 Million Connectors At 200+ Sites Across India

Incremental Innovation & Unfaltering Customer Service are our Core Competencies.

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UPCOMING EVENTS

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Sunday, 17 November 2019 18:17

The Biggest Transaction For Solar Power Parks In Poland Has Been Announced

Aberdeen Standard Investments, a leading global asset manager, and Modus Group, an international group of companies mostly focused on renewable energy, have reached an agreement for a sales transaction for a portfolio of solar power parks in Poland.

As a result, ASI has acquired a portfolio of 49 ground mounted solar farms with a total installed capacity of 45.45 MW. This is ASI’s first investment in the Polish renewable infrastructure market.

According to publicly available data, this is the biggest transaction for solar power parks in Poland to date. By agreement between the parties, the value of the transaction will not be disclosed.

The portfolio developed by Modus Group consists of 49 projects with a total installed capacity of 45.45 MW. All the projects have been awarded a 15-year contracts-for-difference support mechanism ensuring stability of electricity pricing. The portfolio is entirely located in Poland, predominantly in the west and northwest of the country.

The projects were developed by Green Genius, a company owned by Modus Group which also actively develops solar energy projects in other European countries including Spain, Italy, Lithuania and Ukraine. Green Genius is responsible for the technical solutions, construction, financing and operation of the projects.

The acquisition was funded through ASI’s SL Capital Infrastructure II fund and is ASI’s first renewable infrastructure investment in Poland. The company’s economic infrastructure program focuses on investing in core infrastructure assets in Europe and already holds ten other assets including a gas distribution business in Finland, a portfolio of hydroelectric plants in Norway, three rolling-stock assets in the U.K., two stakes in offshore gas transmission pipelines in the Netherlands, a stake in a district heating business in Finland, and refined hydrocarbon storage assets in Germany and the U.K.

Dominic Helmsley, head of economic infrastructure at Aberdeen Standard Investments, said: “Following our strategy to acquire and manage premium infrastructure assets in Europe, this will be our first investment in the Polish infrastructure market. We are thrilled for the opportunity to play an active role in the growth of renewable energy in Poland, in particular the solar PV sector, which is underpinned by a supportive regulatory framework. Modus Group and Aberdeen Standard Investments have worked together to conclude a transaction that benefits all parties, and look forward to expanding our cooperation in the future.”

Ruslan Sklepowicz, the Modus Group board member responsible for renewable energy, said: “Modus Group is continuously searching for opportunities to invest in solar power projects throughout Europe due to the increasing demand for green energy. We have been one of the biggest developers of solar power parks in Poland so far with over €45 million of investment in projects of this type in this country.

“Successful, high-quality projects allowed us to establish a partnership with Aberdeen Standard Investments. We have also agreed to continue cooperation in the future so that the investment fund could acquire the solar energy projects we are developing in Poland and other EU countries.

“We are sure that Poland remains one of the most attractive markets to develop solar power projects because of its size and the potential for development in the area of renewable energy.”

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