‘150 MWp Solar Project in Poland by Grupo Cobra and Raen JV’

Raen SA, a Polish renewables company, has joined forces with Grupo Cobra, a Spanish firm, to embark on a solar photovoltaic project with a capacity of over 150 MWp in Poland. The collaboration involves Raen selling an 80% stake in Solar Polska New Energy to Grupo Cobra’s Zero-E unit. Raen will oversee the process of obtaining approvals and permits for the project and will receive financial compensation upon meeting certain milestones. Additionally, Raen will retain a 20% stake in the construction and management of the solar farm.

Situated in Dobra, the project is anticipated to undergo a two to three-year permitting process. The partnership is expected to have a positive impact on the financial outcomes of the Raen Capital Group. Moreover, Raen envisions the potential for further cooperation with Zero-E on renewable energy projects in Poland.

In summary, the joint venture between Raen SA and Grupo Cobra aims to advance a significant solar photovoltaic endeavor in Poland, showcasing the commitment to renewable energy and financial growth in the region. The undertaking in Dobra signifies a step towards sustainable energy solutions and potential future collaborations in the field.