Valorem and Triobud Investments to Develop 2 Hybrid Wind and Solar PV Projects in Poland

Valorem and its new Polish partner Triobud Investments, developer and general contractor of renewable energy projects operating in the Polish market since 2015, signed a co-operation agreement for the development of 2 hybrid wind and solar photovoltaic projects in Poland.

The agreement covers the development of projects until 'ready-to-build' stage with a targeted total installed capacity of up to 700 MW and potential expansion of the partnership to further assets.

The VALOREM Group has established its subsidiary in Poland in 2021 with a dedicated local team focused on development, financing, construction, operation and maintenance of solar, wind and battery projects. This partnership aligns with VALOREM’s expansion strategy across European Union.

Already active in France, Finland, Greece and Sweden with 7 GW of wind and solar projects under development and construction, Valorem aims to contribute to the energy sovereignty of Europe and to secure a consistent supply of affordable green electricity.

Katarzyna Napora, Country Manager of Valorem in Poland said, "We find this transaction as a significant milestone for diversification and growth of our portfolio in Poland. Valorem has been looking for the possibilities to expand our presence on Polish market and by signature of this development service agreement with such an experienced developer, we will contribute to the development of onshore wind and photovoltaic electricity in Poland."

Lukasz Zielinski, Co-founder and President of the Board of TRIOBUD INVESTMENTS said, "We believe that this transaction is a very important step for our company and we are very glad that we could make it with such a renowned investor as VALOREM. Our goal, together with our new partner, is to strengthen our activities locally for the wind and photovoltaic farm development."