The company Famuru sells photovoltaic projects for 750 million PLN

Project Solartechnik, which is part of the Famur capital group, will obtain a total of up to 750 million PLN in exchange for a portfolio of 184 MW of solar energy projects. The buyer is Spoleto, a company belonging to the international independent energy producer Alternus Energy Group. This is one of the largest transactions in the history of the PV industry in the CEE region.

  • Completion of the 100 percent acquisition. shares in special purpose vehicles worth approximately PLN 500 million, will take place by November 2022 at the latest, and the settlement of another approximately PLN 250 million over a period not exceeding the next 4 years.
  • The Solartechnik project has specialized in large-scale photovoltaic installations and solutions for companies for almost 15 years. From May 2021, the company will be part of the Famur group.
  • Since May 2021, Famur has been implementing a strategy to diversify its business activities, with the aim of transforming the company into a holding company investing in green transformation.

The contract with Alternus Energy Group, signed on June 24, 2022, is the first transaction for the sale of solar power plants carried out by Projekt Solartechnik, since joining the Famur group. It covers 100 percent sales. shares in 32 special vehicles owning solar park projects with a total capacity of 184 MW in various stages of development and construction of solar power plants based on these projects. The company will provide after-sales service for the maintenance of solar farms that are the subject of the transaction.

The Solartechnik project supports the green transformation of FAMUR

The Solartechnik project has specialized in large-scale PV installations and solutions for companies for almost 15 years. From May 2021, the company will be part of the Famur group.

– We are developing our range of services in the field of large-scale photovoltaic installations and PV solutions for the B2B segment. We started with the German market and the construction of one of the largest solar power plants in Europe, in addition we have gained our competences by developing projects in other European countries. Our company has undergone a major change in the past year. We received tangible support from FAMUR, incl. financial and supply chain, through which we almost doubled our project portfolio, while TDJ supported us in the transaction process – says Maciej Marcjanik, president and co-owner of the Solartechnik project.

See also: 34 FAMUR projects and Projekt Solartechnik won the RES auction

– The current sale of solar projects is the first transaction of this magnitude, but certainly not the last. We have big ambitions and ambitious plans – he adds.

Since May 2021, Famur has been implementing a strategy to diversify its business activities, with the aim of transforming the company into a holding company investing in green transformation and achieving approximately 70 percent by 2024. income from sources unrelated to energy coal. The first step in implementing the new strategy was involvement in the large-scale photovoltaic sector through the acquisition of Projekt Solartechnik, carried out in collaboration with TDJ.

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– We have transformed the company profile of the Famur group into a holding company participating in the green transformation based on our competence and financial potential. This is helped by 100 years of experience in industry and energy, as well as opportunities arising from Poland’s energy transformation – says Mirosław Bendzera, president of Famur.

During the past year, together with Project Solartechnik, we increased the capacity of the PV project portfolio, which currently has reached the level of approximately 1.9 GW. At the same time, we have signed project financing agreements to finance and refinance the costs incurred in the construction of photovoltaic farms, and we have issued green bonds with a nominal value of PLN 400 million. In summary: it was an intense and fruitful time – he adds.

PV projects

Initially, the solar portfolio of the Solartechnik Project in collaboration with Famur and TDJ included projects with a capacity of more than 1 GW. Currently, these are projects with a total capacity of approximately 1.9 GW, of which 134 MW is under construction and approximately 200 MW is under preparation for implementation.

According to the sales agreement, Projekt Solartechnik will lead the process of building solar park projects and provide maintenance services. PV projects are currently in various stages of development.

Completion of the 100 percent acquisition. shares in special vehicles with solar energy projects worth about 500 million PLN, will take place by November 2022 at the latest, while the settlement of another about 250 million PLN as part of the construction of solar parks will take place gradually over the next four years.

– Collaboration with the Solartechnik project is the next step in expanding our company’s presence in the Polish market. Alternus will remain active in Poland and our goal for the coming years is to realize more than 1 GW of turnkey farms. The transaction related to the Solartechnik project strengthens our involvement in Poland and increases our potential to more than 25%. target power. We are in talks with the company about further projects that could support the implementation of this goal and we plan to announce their completion in due course – said Vincent Browne, CEO of Alternus Energy.

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