The acquisition is part of Çalık Renewables European growth strategy, increasing its international installed renewable capacity to over 400 MW.
The Sztum and Stargard projects are located in the Pomeranian and West Pomeranian regions and comprise fully operational installations. The total annual generation capacity of the PV farms exceeds 270,000 MWh, which is sufficient to cover the annual electricity demand of more than 90,000 households.
PAD RES Group will continue to provide asset management services for the projects over the coming years. It will also develop energy storage projects and wind farms implemented under a cable pooling model, in line with Çalık Renewables’ long-term investment plans in the Polish market.
“Poland is a strategic market that has been underpinning its strong and stable economic growth with a determined energy transition in recent years” said Emre Erdoğan, General Manager of Çalık Renewables. “This investment by Çalık Renewables clearly demonstrates Çalık Group’s long-term commitment to sustainable economic growth and the green energy transition in Poland. We view Poland as the strategic cornerstone of our expansion and long-term growth across EU.”
Çalık Renewables made its first international renewable energy investment with the Zatric Wind Power Plant in Kosovo, which is currently under construction. The company expanded its investment further with Sztum and Stargard projects in Poland.
For additional information:
