Sun Investment Group (SIG) and Ignitis Renewables have signed a contract under which Ignitis Renewables will acquire a turnkey portfolio of 170 MWp built by SIG in Poland.

It is the region’s largest solar transaction of this sort to date.

The photovoltaic plants will be eligible for a 15-year support mechanism ensuring energy price stability for the projects.

“We are glad to have concluded the largest solar park transaction in Central Europe this year. The agreement with an international energy company Ignitis Group proves that we are significantly contributing to the development of green energy in Europe. It also shows that international cooperation can meaningfully impact the progress towards European Green Deal – Zero Pollution and Carbon Neutral in 2050 targets.

Deividas Varabauskas, CEO at SIG.

The solar plants will be installed in Poland ‘s southern voivodeships and will produce approximately 190,000 MWh of electricity per year, enough to power 79,000 homes. They will also reduce CO2 emissions per year by 156,000 tons.