Bloomberg Announces SIG and E energija Sale of Polish Solar Energy Portfolio to Aberdeen Standard Investments


Bloomberg Announces SIG and E energija Sale of Polish Solar Energy Portfolio to Aberdeen Standard Investments

On July 02 2019, Bloomberg Terminal announced that Sun Investment Group (SIG) and its strategic partner, E energijas, sold their 42.3 megawatt solar energy portfolio in Poland to Aberdeen Standard Investments. Aberdeen Standard Investments is a leading European asset management company with assets worth EUR 650 billion around the globe.

The portfolio is made up of 43 plants across Poland. It is worth 1 megawatt each, and each plant includes a Contract for Difference (CfD) feed-in tariff of 15 years.

SIG's founder and Chief Executive Office, Mr. Deividas Varabauskas, believes that Aberdeen Standard Investments’ portfolio acquisition shows the maturity of the Polish solar energy market. 

“We are very pleased to have been acknowledged by Aberdeen Standard Investments as a developer of world-class solar energy projects," he said. "When we entered the Polish market in 2017, we said we would not sell our assets until the offer of a large-scale acquisition was made. Given the scale of Aberdeen Standard Investments' global assets, their purchase of our portfolio is evidence of the maturity of Poland's solar energy market.”

Post-acquisition, SIG will seek to strengthen its market position as a leading developer of solar energy projects in Poland, with Varabauskas adding “Looking to the future, Poland will continue to be one of SIG’s key markets, where we currently have 600 MW of PV projects under development, as well as 60+ MW worth of installations under construction across the country.”