Nexun has entered into a co-development agreement with an undisclosed Polish partner for a solar pipeline consisting of 16 medium-sized solar projects, totaling 206MW in capacity. All of these projects have secured land leases, and approximately half of the pipeline has obtained the necessary environmental approvals and zoning permits.
Established in January 2023, Nexun is a dedicated platform for greenfield PV projects and is part of the Marguerite portfolio, with investments made through Marguerite 3, committing up to €60 million. This investment aligns with Marguerite’s strategy to invest in infrastructure projects that actively contribute to climate change mitigation and adaptation.
Under the terms of the Polish agreement, Nexun plans to submit grid connection applications for the initial 52MW in September 2023, followed by an additional approximately 60MW in the last quarter of 2023.
Josef Kastner, Nexun chief executive, said “Poland is an essential market for solar power in the EU, which is why this cooperation is a significant milestone in our solar development activities.”
“Poland, still relying largely on coal for power generation, desperately needs to switch to renewable energies. “Our ambition is for Nexun to become one of Poland’s leading developers to transfer power production to sustainable energy.”
In addition to the co-development agreement mentioned earlier, Nexun is currently in negotiations for similar contracts in various locations, including Poland, Germany, and Spain. Furthermore, Nexun has initiated the development of several greenfield projects in France using its in-house team.
Chloe Durieux, Nexun chief development officer, said “We are excited to have this first co-developer partnership in Poland.”
“Through strategic investments and partnerships, we are determined to drive the adoption of sustainable energy solutions and create a cleaner, more sustainable future for generations to come.”
“Our diverse team of more than 50% women is currently based in four countries. We expect the team to increase by four additional people by the end of 2023.”
Nexun has grown to a team of 12 employees, with chief financial officer Benoit Petit and country manager for Germany Marco Wilhelm the latest team additions.
Nexun’s objective is to create a portfolio of more than 2 GW of projects, both those already developed and those in the process of development, within the next six years.
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