RWE has further strengthened its European renewables business by acquiring Alpha Solar, a Polish photovoltaic development company. With this acquisition RWE gains a solar project pipeline in Poland with a total capacity of approximately 3 GWac, and adds significantly to its existing global solar development pipeline of 10 GW. The purchase price has not been revealed.
The acquired pipeline is spread across Poland. The majority of projects are of utility-scale in various stages of development, ranging from early phase identified opportunities to ready-to-build projects.
The development platform comes with a team of around 60 professionals with much experience in the solar sector who will work with RWE on delivering the existing pipeline of solar projects as well as developing new projects.
RWE is pushing ahead with its portfolio expansion in onshore and offshore wind – it already operates onshore wind farms in Poland with a capacity of more than 420 MW. It is also preparing for the construction of its 350 MW Baltic II offshore wind farm and has applied for all 11 areas of the Baltic Sea selected by the Polish government for further offshore wind development.