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    Raen and Grupo Cobra, will jointly develop a 150MW solar project in Poland

    Polish renewable energy investor Raen has partnered with Spain’s Grupo Cobra to co-develop a 150MW solar project in the West Pomeranian voivodeship. Raen, serving as a platform linking investors with renewable energy ventures, has entered into a joint venture pact with Grupo Cobra for this endeavor. Initially, Raen will lead the project’s preparatory phase until it reaches the construction-ready stage. Subsequently, Raen will have a 20% ownership stake and involvement in the construction and operation of the solar farm.

     

    President of the Raen Capital Group Management Board, Adam Guz, said “In addition to the classic preparation of the project for the construction phase, in the next stage, we will be able to participate in its construction and then benefit from the operation of the installation. This aligns with our strategy of expanding our scope of activities and becoming an independent energy producer.”

     

    The joint venture (JV) agreement grants Raen a 20% ownership stake in the solar farm development initiative situated in the municipality of Dobra. Furthermore, through a separate Developer Services Agreement (DSA), Raen assumes responsibility for securing all requisite approvals for the project, encompassing grid connection terms and building permits. This phase of activity is estimated to span two to three years and will be segmented into milestones, with Raen receiving compensation upon their attainment.

     

    Raen Group has inked letters of intent and agreements with several prominent international entities—such as Goldbeck Solar from Germany, Canadian Solar from Canada, and Golden Peaks Capital Group from Switzerland—to prepare solar projects for the construction phase. Additionally, Raen is currently engaged in projects with Engie and Metka, totaling 1.45GW, wherein it earns revenues tied to milestone achievements.

     

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