Tag: investors

Nomad Electric is constructing two utility-scale photovoltaic farms near Koszalin in Western Poland, close to the Baltic coast. Each installation will have a capacity of 12 megawatts (MW), with a combined expected annual output of approximately 24.5 gigawatt hours (GWh).

Also interesting: Poland’s PV Market: Opportunities and Trends 2025

Small PV farms linked directly to the major energy sector

The two sites, covering a total area of around 29 hectares, will be connected to the Energa Operator S.A. distribution network which is one of Poland’s largest electricity distribution system operators managing local grids and connecting renewable energy projects. projects. Energa Operator is part of the Energa Group, which itself is a major Polish energy company and has been a part of the Orlen Group since 2020. Orlen Group – often just referred Orlen – is one of Central and Eastern Europe’s largest integrated energy and petrochemical groups, and has uundertaken a shift towards Renewable Energy in recent years. With their strategy “Orlen2030” the Group aims to increase investments in low- and zero-emission energy sources to adapt to the energy transition.

Grzegorz Rabsztyn: “The EIB is playing a key role in supporting renewables and grid development”

The role of PAD RES

According to PAD RES, the projects in the Biesiekierz commune reflect the company’s broader strategy to grow its renewable energy portfolio in response to Poland’s accelerating energy transition. Driven by rising electricity demand, EU climate targets, and investor interest in clean infrastructure, the Polish renewables sector is expanding rapidly – especially in solar and wind. PAD RES, established in 2010 and based in Warsaw, is positioning itself at the forefront of this shift. Since being acquired in 2021 by Griffin Capital Partners and Kajima Europe, the company has secured access to greater financing and development capacity. As of 2024, PAD RES is developing renewable energy assets totaling more than 2 gigawatts (GW), reinforcing its role as a key contributor to Poland’s low-emission energy future. “The construction of these photovoltaic farms is another significant step in supporting the growth of green energy in Poland,” said Wojciech Jasiński, Director of Construction at PAD RES.

Tobias Schuessler of Goldbeck Solar Polska: “The demand for solar parks is rising”

Nomad Electric´s EPC-services for PAD RES Solar Projects

Nomad Electric is responsible for the engineering, procurement, and construction of the two solar farms in the Biesiekierz commune, providing turnkey delivery of the projects. Izabela Mielniczuk, Director of International Business Development at Nomad Electric says: “We are pleased to support PAD RES with the delivery of this investment. The contract reflects our experience in executing renewable energy projects according to high technical standards and demanding schedules.” The company, which operates across several EU countries, is a growing player in the European clean energy sector. In addition to its EPC services, Nomad Electric manages operations and maintenance for photovoltaic installations totalling over 1.8 GW. Its EPC portfolio includes more than 700 MW, highlighting the company’s technical capacity and its expanding footprint in Europe’s solar market. The two PAD RES projects are scheduled for completion by the end of 2025 in line with Poland’s national renewable energy targets. (mg)

Poland is increasingly becoming a PV heavyweight. While the transformation from a coal-fired country to a clean-energy nation is far from complete, Poland surpassed the 21 gigawatt mark in installed PV capacity at the turn of the year. This is likely due to generous subsidies from the EU and the economic viability of generating its own electricity, especially for commercial electricity consumers. Due to low component prices and the simultaneous rise in grid electricity prices, photovoltaics has become a more economical alternative, particularly for commercial energy users. It is therefore not surprising that the Cologne-based PV wholesaler SegenSolar also intends to expand its sales force in the country, especially since the company already serves over 1,000 customers in Poland.

Also interesting: Poland’s grid overhaul: Integrating 90 GW of renewables by 2040

Gradual expansion

Currently, customers in Poland are supplied from the Berlin warehouse. Plans to significantly expand its presence in Poland are already in place. The current sales team of one person will grow to five by the end of the year. At the same time, SegenSolar will increase its visibility in the Polish market and, in addition to participating in Intersolar, will also be represented at trade fairs in Poland in the future. In July 2023, the company opened an office in Prague, Czech Republic, to better serve the growing demand outside the Western European markets. This move is expected to be repeated in Poland, for the reasons already mentioned. Especially in the Central and Eastern European markets, a dynamic development of the markets is expected.

Also interesting: Grzegorz Rabsztyn: “The EIB is playing a key role in supporting renewables and grid development”

Structured and focused on commercial investments

The Cologne based company will focus its offering on commercial and outdoor photovoltaic systems, as this area is currently experiencing the greatest growth in Central and Eastern Europe. In addition to expanding sales, the company has provided competent and experienced support in the areas of PR and communication and marketing, thus increasing its visibility in the markets.

All in the year of happy 10th annversary

SegenSolar is celebrating its tenth anniversary this year, while its British parent company is already looking back on 20 successful years. However, the eastward expansion will not be a leap into cold water, as the German subsidiary already serves several thousand customers in Poland, so the expansion of its business there can be on a solid footing.

Also interesting: Patrik Danz of IBC Solar: “It’s a very exciting market”

First time at intersolar

For the first time thecompany will be represented at Intersolar Europe in 2025, which is pretty unusual in a decade-long presence in Germany. At the event, they will showcase a selection of products tailored to various photovoltaic applications, complemented by live demonstrations. However, the highlight of the participation will be the opportunity to engage in discussions with SegenSolar representatives about strategic plans and developments in the emerging Eastern European markets, to share insights and explore new opportunities in these rapidly growing regions.

Also interesting: Sunny prospects: Poland’s photovoltaics in numbers

Not the only one

SegenSolar is far from the only company expanding into Eastern European markets. Numerous competitors are already active in the region—some represented by individual sales agents, others operating through local offices with dedicated teams, established customer bases, and full order books. Since mid-2024, we’ve explored this topic in a series of interviews, uncovering some intriguing insights. One key detail: in many countries that were part of the former Soviet Union, electricity prices for residential customers are traditionally subsidized as part of the social support system. For commercial users, however, this has typically not been the case. This distinction highlights a clear strategic opportunity: focusing on commercial photovoltaic systems. Unlike the residential sector, this market segment is more likely to grow sustainably and independently of state subsidies in the long term. (mg)

Poland is increasingly becoming a PV heavyweight. While the transformation from a coal-fired country to a clean-energy nation is far from complete, Poland surpassed the 21 gigawatt mark in installed PV capacity at the turn of the year. This is likely due to generous subsidies from the EU and the economic viability of generating its own electricity, especially for commercial electricity consumers. Due to low component prices and the simultaneous rise in grid electricity prices, photovoltaics has become a more economical alternative, particularly for commercial energy users. It is therefore not surprising that the Cologne-based PV wholesaler SegenSolar also intends to expand its sales force in the country, especially since the company already serves over 1,000 customers in Poland.

Also interesting: Poland’s grid overhaul: Integrating 90 GW of renewables by 2040

Gradual expansion

Currently, customers in Poland are supplied from the Berlin warehouse. Plans to significantly expand its presence in Poland are already in place. The current sales team of one person will grow to five by the end of the year. At the same time, SegenSolar will increase its visibility in the Polish market and, in addition to participating in Intersolar, will also be represented at trade fairs in Poland in the future. In July 2023, the company opened an office in Prague, Czech Republic, to better serve the growing demand outside the Western European markets. This move is expected to be repeated in Poland, for the reasons already mentioned. Especially in the Central and Eastern European markets, a dynamic development of the markets is expected.

Also interesting: Grzegorz Rabsztyn: “The EIB is playing a key role in supporting renewables and grid development”

Structured and focused on commercial investments

The Cologne based company will focus its offering on commercial and outdoor photovoltaic systems, as this area is currently experiencing the greatest growth in Central and Eastern Europe. In addition to expanding sales, the company has provided competent and experienced support in the areas of PR and communication and marketing, thus increasing its visibility in the markets.

All in the year of happy 10th annversary

SegenSolar is celebrating its tenth anniversary this year, while its British parent company is already looking back on 20 successful years. However, the eastward expansion will not be a leap into cold water, as the German subsidiary already serves several thousand customers in Poland, so the expansion of its business there can be on a solid footing.

Also interesting: Patrik Danz of IBC Solar: “It’s a very exciting market”

First time at intersolar

For the first time thecompany will be represented at Intersolar Europe in 2025, which is pretty unusual in a decade-long presence in Germany. At the event, they will showcase a selection of products tailored to various photovoltaic applications, complemented by live demonstrations. However, the highlight of the participation will be the opportunity to engage in discussions with SegenSolar representatives about strategic plans and developments in the emerging Eastern European markets, to share insights and explore new opportunities in these rapidly growing regions.

Also interesting: Sunny prospects: Poland’s photovoltaics in numbers

Not the only one

SegenSolar is far from the only company expanding into Eastern European markets. Numerous competitors are already active in the region—some represented by individual sales agents, others operating through local offices with dedicated teams, established customer bases, and full order books. Since mid-2024, we’ve explored this topic in a series of interviews, uncovering some intriguing insights. One key detail: in many countries that were part of the former Soviet Union, electricity prices for residential customers are traditionally subsidized as part of the social support system. For commercial users, however, this has typically not been the case. This distinction highlights a clear strategic opportunity: focusing on commercial photovoltaic systems. Unlike the residential sector, this market segment is more likely to grow sustainably and independently of state subsidies in the long term. (mg)

Heiko Wuttke, CEO of PNE AG, explains: “Our success in Central Europe, particularly in Poland, was a key driver of our record results. Expansion in these markets contributed significantly to our growth.”

Strong project pipeline in Central Europe

Despite global divestments, PNE was able to maintain its overall project pipeline at 18.9 GW. Notably, the significant expansion in the core markets of Germany, France, and Poland, which increased from 5.9 GW to 7.5 GW, underscores the strategic importance of Central Europe for growth.

Also interesting: Interview with EIB-director Poland office Grzegorz Rabsztyn: “The EIB is playing a key role in supporting renewables and grid development”

Focus on Poland and Central Europe

In Poland, PNE was able to generate sustainable growth through the approval of several PV projects. This development underscores the growing importance of the Polish market in particular, which has developed into an increasingly attractive market with significant opportunities for the PV industry in recent years. At the turn of the year, photovoltaic capacity in Poland exceeded 21 gigawatts.

Driving factors for Poland´s pv boom

The strong increase in photovoltaic installations in Poland is due to a confluence of favorable conditions. Government measures such as the “My Electricity” program provide important financial incentives for the installation of private systems, making solar power attractive for private homeowners. At the same time, the falling costs of PV technology have significantly improved affordability and made solar power an economical alternative to grid electricity for broader segments of the population and, above all, for businesses. Growing awareness of the environmental and economic benefits of solar power has contributed significantly to increased demand. Furthermore, the drive for energy independence, reducing dependence on imported fossil fuels, and alignment with the European Union’s climate goals have accelerated the adoption of PV systems.

Also interesting: Poland Surpasses 21 GW Milestone in PV Installations in 2024

Strategic realignment

PNE AG is adapting its strategy to further accelerate growth in Central Europe. This includes a balanced mix of own operation and project sales, with an increased focus on profitable core markets such as Poland. PNE plans to have an own operation portfolio of approximately 1.1 GW by 2027, with a long-term target of 1.5 GW. The company is targeting EBITDA of approximately €140 million by 2027, with a significant share expected to come from Central European activities. “Our strategy in Central Europe, especially in Poland, is paying off. We see enormous potential for further growth here and will continue to expand our presence in the region,” explains Wuttke.

Also interesting: H&M takes a step towards clean energy with PPA deal in Poland

Positive outlook for 2025

For the 2025 fiscal year, the PNE Group expects earnings before interest, taxes, depreciation, and amortization (EBITDA) of between €70 million and €110 million. This optimistic forecast is based, among other things, on the strong growth prospects in Central Europe, particularly in Poland. (mg)