SINO-CEE Fund has engaged its EPC partner to launch the development of 41 turnkey PV projects in Poland, making them one of the first PV projects that start construction in Poland after the outbreak of Covid-19 pandemic.
Construction site of PV projects invested by SINO-CEE Fund in Poland
SINO-CEE Fund signed a deal in December 2019 to acquire a 51.5MWp PV portfolio in Poland. The projects are to be constructed over the next 12 months. The combined output of the PV plants is estimated at around 50 GWh per year, which is enough to meet the demand of over 9,000 homes and save nearly 50,000 tons of carbon dioxide (CO2) emissions annually. Mr Aiping Chen, CEO of SINO-CEEF, commented: “With this investment, SINO-CEE Fund is keen to support Poland in its efforts to develop renewable energy, and the EU to fulfill its renewable energy consumption target of ‘20% in 2020, and 35% in 2030’. The investment is also expected to provide impetus to strengthening of the local economy and employment.”
About SINO-CEE Fund
SINO-CEE Fund is a private equity fund incorporated in Luxembourg. The Fund intends to achieve long term capital appreciation for its investors through equity, equity-linked and mezzanine investments in sectors including infrastructure, manufacturing, consumer goods and services.