€30 million solar park investment underway in Poland

The renewable energy investment company Atsinaujinančios Energetikos Investicijos, owned by Lords LB Asset Management, has announced the construction of a 48 MW solar park in Poland. Valued at €30 million, the project marks the company’s continued commitment to expanding its renewable energy portfolio in the region.

The development comes after the signing of a contract with P&Q, one of Poland’s largest contractors, marking the first collaboration between the two companies. “This is our first contract with this contractor, but we are familiar with their work through previous negotiations,” said Kristina Bugaitienė, Business Development Manager at Atsinaujinančios Energetikos Investicijos.

The solar park, expected to be operational by the end of 2025, will feature custom-built solar modules and inverters supplied by Trina Solar, one of the world’s leading manufacturers of vertically integrated solar panels. Preparations for the project are already underway, with P&Q preparing the construction sites and grid connections already in place for some plants.

The 48 MW solar park is the second phase of a broader 114.5 MW solar project in Poland. The first phase, comprising a 66.5 MW solar park, has already been completed. Once the new phase is finalized, the total investment in the portfolio will reach €70 million, with the capacity to supply clean energy to approximately 9,600 households.

The electricity generated by the solar park will be sold directly on the market without specific supply contracts. “All of our renewable energy projects participate in the Contract for Difference (CfD) auction, ensuring a fixed price for part of the electricity sold,” Bugaitienė explained.

With this latest project, Atsinaujinančios Energetikos Investicijos now has a total solar energy portfolio of 250 MW in Poland. The company is also a significant investor in Lithuania’s renewable energy sector, operating wind parks with a combined capacity of 186 MW.

The new solar park underscores Poland’s growing prominence in renewable energy development and reinforces Atsinaujinančios Energetikos Investicijos’ commitment to advancing sustainable energy solutions in the region.