Funding secured for construction of 35 MW Solar PV Farm in Central Poland, Genowefa

Kajima have secured funding for the construction and investment financing of the 35 megawatts photovoltaic farm in Genowefa, Poland. In partnership with Griffin Capital Partners and PAD-RES, Kajima’s selected renewables partners across Poland, the project aims to complete in Q2 of 2023.

Kajima and Griffin Capital Partners acquired a stake in PAD-RES, a leading Polish developer in clean energy asset space, in 2021 and has since acquired an additional 13 projects with a total capacity of 350 MW. Genowefa marks the first project to reach construction since the partners investment.

Chris Gill, Investments Director & Head of Renewables at Kajima, said: “Making a long-term investment in delivering vital clean energy for Poland is a crucial part of Kajima’s business strategy. The financing received for Genowefa is a great boost to the strong start made by PAD-RES and our ambitious plans for delivering renewable energy across Poland. We are excited for the future plans for this partnership and grateful to our partners in PAD-RES and Griffin for their continued support and cooperation.”