The portfolio was developed and constructed by ReneSola Power and consisted of 16 state-of-the-art projects equipped with bifacial solar panels and a total installed capacity of 16 MW. All of the projects have been awarded a 15-year contract-for-difference (“CfD”) support mechanism in Poland, ensuring revenue stability. Under the terms of the agreement, the value of the transaction will not be disclosed.
The acquisition was implemented through Modus Poland Solar Fund I (the “Fund”), managed by Modus Asset Management. The Fund continues its active investment phase in the Polish solar sector, aiming to build a portfolio in excess of 100 MW. Its investment strategy is to partner with solar developers in Poland and acquire turnkey or operational solar projects with a CfD support mechanism.