A newly established joint venture of the real estate investor and developer
The deal marks the continued high interest of investors in Poland’s renewable energy market, poised for fast growth as the country reduces its dependence on fossil fuels, coal and lignite in particular.
The JV plans to focus on further development of Pad-Res’s renewable energy portfolio, which comprises investments in solar and wind projects with an operational renewable capacity exceeding 500 MW.
“The acquisition of a controlling stake in Pad-Res, a developer that is well-poised for growth in the energy sector, creates a possibility to deploy equity and deliver profits in this fast-growing segment of the economy,” Maciej Dyjas, managing partner at
The companies did not reveal the value of the transaction.
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