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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.”