Monday, March 27 2023 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of Mar 20
Week of Mar 13
Week of Mar 06
Week of Feb 27
Week of Feb 20
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Three Seas Initiative fund to buy into Polish solar developer R.Power

    February 1, 2023 - SeeNews Renewables


      February 1 (Renewables Now) - Luxembourg-based investor Three Seas Initiative Investment Fund SA SICAV-RAIF (3SIIF) has asked for antitrust approval to take joint control of Polish solar project developer R.Power, competition regulator UOKiK said on Tuesday.

      Earlier in January R.Power said that as a result of its capital increase, it has accepted one of the three offers for a minority stake in the company and given an unnamed potential investor exclusive rights for further talks. The parties plan to sign an investment agreement subject to UOKiK approval.

      In July R.Power announced a share issue directed at a financial investor, which is to become a significant minority shareholder of the company.

      R.Power's group of companies develops, builds and operates solar farms as well as produces power in its own facilities. It has 7.8 GWp of projects in the pipeline of which 790 MWp are fully developed facilities and 635 MWp are currently under construction or already generating green energy. The company had consolidated sales of PLN 231 million (USD 53m/EUR 49m) in 2021 and a net profit of PLN 6 million.

      3SIIF is an alternative investment fund active in energy, transport and digital infrastructure.

      (PLN 10 = USD 2.30/EUR 2.12)


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.