KAJIMA’S RENEWABLES PARTNERSHIP TO BUILD TWO PHOTOVOLTAIC FARMS IN NORTHERN POLAND

The joint venture between Kajima Europe and Griffin Capital Partners, and leading Polish clean energy developer PAD RES will build two photovoltaic farms in the Pomeranian Voivodeship with a total capacity of 117 megawatts (MW).

Two new investments will be constructed in the Pomeranian Voivodeship, specifically near the towns of Sztum and Mikołajki Pomorskie. These projects will have a combined capacity of 117 MW. The solar farms will cover a total area of c.a. 140 hectares and will have the capability to power around 65 000 households.

Electrum, a technological and consulting group operating in the climate tech sector, has been chosen as the general contractor for both investments. PAD RES and Electrum have previously collaborated on the 35 MW Genowefa photovoltaic farm in Kleczew, Central Poland.

In September 2021, Kajima Europe and Griffin Capital Partners acquired majority shares in PAD RES. Since then, the company has been systematically expanding its portfolio. Currently, PAD RES holds projects with secured Grid Connection Conditions exceeding 500MW.

With another 140 MW of photovoltaic projects to begin construction this year, PAD RES's strategy is centered on expanding its portfolio of renewable energy projects.

Chris Gill, Investments Director & Head of Renewables at Kajima, says: "Intensive efforts are underway in Poland to diversify the country's energy mix, with a strong focus on zero-emission sources aiming to play a significant and dominant role in this process. The two new photovoltaic farms in Sztum and Mikołajki Pomorskie are key to Kajima's ambitious plans to bring renewables to Poland and form part of the country's transition to clean energy”.

Jędrzej Socha, Senior Vice President Investments at Griffin Capital Partners, says: "The renewable energy market in Poland is growing, and upcoming changes in the energy mix will necessitate the development of new capacity from renewable sources. At Griffin Capital Partners, we perceive this sector as particularly attractive, and our PAD RES platform enables us to actively participate in Poland's green transformation. The two new investments, with a combined capacity of 117 MW, will significantly expand our portfolio.