Key Takeaways

• Gülermak Renewables has secured a power purchase agreement for two solar projects in Poland, expanding its renewable energy portfolio.
• Qualitas Energy has obtained €53 million in financing for a 117MWp solar PV portfolio, emphasizing investor interest in Poland’s renewable sector.
• Both companies view Poland as an attractive market for long-term renewable energy investments, reinforced by supportive government mechanisms.

Growing Solar Investment in Poland

Poland’s renewable energy sector is experiencing significant growth, evidenced by recent agreements that highlight increasing interest from both developers and investors. Gülermak Renewables, a London-based company, has signed a power purchase agreement (PPA) with Hekla Energy for two solar projects in western Poland, namely the 5MW Powidz solar farm and the 40MW Brodnica project. This agreement is a part of Poland’s Contract for Difference (CfD) scheme, which will help provide market access through 2030.

Hekla Energy belongs to the Eneco Group and supplies renewable electricity to over 20,000 customers in Poland. The agreement marks a strategic step for Gülermak Renewables as it aims to establish a substantial renewable energy portfolio in Poland, aspiring to reach a 500MW installed capacity across solar, battery storage, and onshore wind.

Jakub Pilc, from Gülermak Renewables, emphasized that the agreement paves the way for long-term expansion, stating, “This agreement is an important milestone… in one of Europe’s most attractive renewable energy markets.”

Investor confidence in Poland is also on the rise, showcased by Qualitas Energy’s announcement of securing approximately €53 million ($60 million) for a 117MWp solar PV portfolio. This financing, arranged by CaixaBank and Bank Millennium, supports two new solar projects set to operate in 2027, located in Słoniawy and Końskie.

The financing structure includes a term loan and supportive facilities, all backed by the CfD mechanism that ensures long-term revenue stability. Qualitas Energy now manages over 600MWp of solar capacity in Poland and is also advancing a pipeline of wind developments exceeding 1.2GW.

Adrián Cabrejas, a partner at Qualitas Energy, noted the strategic importance of this investment, stating, “This financing supports Qualitas Energy’s strategy across the renewable energy value chain… Poland offers significant long-term potential.” Both Gülermak Renewables and Qualitas Energy exemplify a strategic focus on investments that not only enhance their portfolios but also contribute to Poland’s ongoing energy transition towards renewables.

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