Aberdeen Standard Investments (ASI) and R.POWER have finalised a transaction whereby ASI will acquire a 100% stake in a 122 MWp turnkey portfolio of ground mounted solar photovoltaic (PV) farms from R.POWER.
The transacted portfolio developed by R.POWER consists of 130 individual projects with a total installed capacity of 122 MWp. All of the projects have been awarded a 15-year contract-for-difference (CfD) support mechanism ensuring stability of electricity pricing for the projects. The portfolio is entirely located in Poland, predominantly in the west and centre of the country.
The solar power parks are equipped with the modern technological solutions enabling production of around 134 000 MWh of electricity annually, which will ensure supply for over 54 000 households and will contribute to the reduction of carbon dioxide emissions by nearly 106 000 tpy.
ASI is a leading global asset manager with over 1000 investment professionals managing £486.5 billion (as at 31 December 2019) of assets worldwide. The acquisition of R.POWER’s projects is ASI’s sixth investment in the solar PV sector in Poland. The company’s Economic Infrastructure programme focuses on investing in core infrastructure assets in Europe, and already holds 11 other assets including: a gas distribution business in Finland, a portfolio of hydro-electric plants in Norway, four rolling stock assets in the UK, a stake in an offshore gas transmission pipeline in the Netherlands, stakes in two district heating businesses in Finland, and refined hydrocarbon storage assets in Germany and the UK.
In recent years, R.POWER has won solar auctions for a total installed capacity of almost 300 MWp. In Poland alone, the company is developing a portfolio of PV power plants of over 1000 MWp. Abroad, R.POWER has been developing solar projects in Portugal, Italy and Spain. R.POWER operates in the entire value chain on the PV market, developing solar projects, as well as providing management, operation and maintenance (O&M) services for solar farms via its affiliated company – NOMAD Electric Services.
Read the article online at: https://www.energyglobal.com/solar/15062020/aberdeen-standard-investments-and-rpower-finalise-deal/