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Fashion is often criticized for its environmental impact, but H&M Group is committed to sustainability. The company has a history of investing in power purchase agreements (PPAs) and energy storage systems. In November 2024, H&M signed a long-term PPA with Polish developer R.Power to boost its global sustainability efforts.
Project developer and investor R.Power has announced ambitious plans for the Portuguese market. The Warsaw-based company aims to build up a portfolio of 100 MW of photovoltaic systems in Portugal in the medium term. New investments in solar and battery storage are also planned in Spain.
R.Power announced the signing of contracts for the general execution of a 23 MW photovoltaic farm portfolio. The projects will be built by the Polish company Nomad Electric and the Romanian company Waldervar.
R.Power has been awarded a large-scale PV farm project in Spain with a capacity of 65 MW with an expected particularly high yield. The energy will be sold via a PPA.
Project developer R.Power signed a loan agreement with the Polish Development Bank for the construction of a portfolio of PV projects with a total capacity of 72 MW.
Polish R.Power Group and Elawan Energy have formed a strategic joint venture to accelerate the development of 2 GW solar photovoltaic projects in the Italian market. How this can be implemented remains to be seen.
Poland-based R.Power has commissioned its first solar farm in Portugal. The produced energy will be sold through a PPA.
R.Power together with PKO Bank Polski S.A.have signed a credit agreement valued at nearly 190 million PLN to finance the construction of a portfolio of solar power plants located in Poland, with a total capacity of 59 MW, under a project finance formula.
R.Power Group has announced the signing of 10-year power purchase agreements from its PV project portfolio in Portugal. The contract covers PV farms located in seven central Portuguese locations.
R.Power has agreed to acquire a large portfolio of ground-mounted photovoltaic farms. See here for more details:
R.Power and Orange Polska have concluded a long-term corporate PPA for the supply of energy from photovoltaic farms.
Polish solar companies like R.Power, a project developer and independent power producer, benefit from the collaboration with the Polish Development Fund.
Eiffel Transition Infrastructure , a fund managed by Eiffel Investment Group, and R.Power have formed a strategic joint venture to accelerate the development of solar photovoltaic projects in Romania.
R. Power has started works on a portfolio of 72 MW PV farm projects. All PV farms will use bifacial panels, which can produce electricity from both of their sides.
The PFR Closed-end Investment Fund of Non-Public Assets (FIZAN), part of whose investment portfolio is managed by the Polish Development Fund, has taken up green bonds of R.Power worth PLN 120 million (EUR 25,4 million).
Wholesaler Menlo Electric has signed a EUR 6m funding agreement with MBank, Poland’s leading commercial bank. Coupled with financing obtained earlier this year, this brings Menlo Electric to 60% of its 2022 goal of raising EUR 20m of growth financing.
R.Power, a Polish independent power producer developing photovoltaic plants investments, has announced another successful issue of green bonds in amount of PLN 250 million (EUR 53 million).
Huawei has recently been selected by R.Power Group to supply 390 MW of its world-leading smart string inverters for numerous utility-scale solar projects in Poland.
R.Power Group companies have signed contracts with Nomad Electric and Onde for the implementation of 135 photovoltaic farms worth PLN 334 million (EUR 73 million).
R.Power has announced tender procedures for general contracting services concerning a portfolio of PV power plants, supply of structures, photovoltaic panels and transformer stations.
Polish developer R.Power has signed a cooperation agreement with an Romanian developer for a portfolio of PV projects with a total capacity of up to 100 MW.
R.Power invests in Portugal in subsidy-free PV power plants worth PLN 160 million (EUR 35,4 million) and a capacity of nearly 60 MW.
BNP Paribas Bank Polska and Santander Bank Polska signed the agreement for PLN 242 million (EUR 53 million) on the financing of R.Power solar power plants’ portfolio
The leader of the Polish photovoltaic sector, currently developing nationally a portfolio of projects with a capacity of more than 4 GWp, has announced that it has signed a cooperation agreement with one of the key developers of PV farms in Germany.
R.Power has acquired PLN 530 million (app. EUR 116 million) to finance solar farms in Poland.
