Image: Vladisla Bogutski, Unsplash
Stockholm-based renewable energy developer OX2 has secured a €73 million financing deal from German energy transition bank Nord/LB for a 100 MW solar park in Poland.
The Rutki solar panel in southwestern Poland is OX2’s first project in the country. It is already under construction and expected to be operational in 2025, when 145,000 ground-mounted solar panels will generate enough electricity to power approximately 30,000 homes.
A 15-year contract for difference (CfD) has been signed with the Polish Energy Regulatory Agency.
Poland added approximately 4.6 GW of solar energy by 2023, bringing the cumulative installed capacity above 17 GW. The country aims to install 29 GW of solar capacity by the end of the decade.
In November, the Polish Institute of Renewable Energy said construction permits had been issued for almost 1,500 solar projects, with a total of more than 12.3 GW.
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