R.Power Renewables

R.Power is one of the fastest growing privately-owned renewable energy developers in Poland and a leading independent power producer (‘IPP’) active in solar PV and battery storage. Established in 2010, the company is headquartered in Warsaw and has operations across Poland, Romania, Germany, the Netherlands, Italy, Spain and Portugal.

3SIIF acquired its minority stake in February 2023 committing €150m equity to fund further development. 3SIIF facilitated a further investment from EBRD in October 2023, bringing the total equity commitment to €250m.

As at June 2024, R.Power has an extensive development pipeline of 26GWp across six countries comprising BESS and Solar PV and 1.7 GWp of operating projects/projects under construction/ ready to build.

R.Power’s strategy is that of an integrated Independent Power Producer, which allows it to develop, build and operate a long term portfolio of generation assets. R.Power is a horizontally integrated renewables company with operations in development, construction servicing and long-term investment in renewable assets. The group’s Nomad Electric is one of the largest operations maintenance company for PV and Quanta is the largest B2B company in solar as-a-service model in the CEE region.

With the CEE region presenting an attractive renewable energy generation sector, R.Power provides access to a renewable energy platform which develops, owns and operates utility-scale solar PV in jurisdictions mainly complementary with those where Enery, the other 3SIIF investment in the energy sector, operates.

• Proven track record: Management team has a demonstrated track record having developed and commercialised more than 1.1GW of solar PV generation assets and providing O&M to over 1GW of capacity since 2012 
• Decarbonisation: Replacement of carbon-intensive thermal generation with clean renewable energy 
• Asset maturity: Operating platform with potential greenfield expansion opportunities, 75% of which is in 3SIIF target jurisdiction