KAJIMA’S RENEWABLES BUSINESS PAD RES SELLS 255 MW PHOTOVOLTAIC FARM IN POLAND TO ÇALIK RENEWABLES

The sold assets (the Sztum and Stargard projects) are located in the Pomeranian and West Pomeranian regions and comprise fully operational installations. The total annual generation capacity of the PV farms exceeds 270,000 MWh, which is sufficient to cover the annual electricity demand of more than 90,000 households. PAD RES Group will continue to provide asset management services for the sold photovoltaic projects over the coming years. In parallel with the transaction, the parties have entered into a cooperation agreement under which PAD RES Group will develop energy storage projects and wind farms implemented under a cable pooling model, in line with Çalık Renewables’ long-term investment plans in the Polish market.

The transaction is in line with PAD RES Group’s strategy of active renewable energy portfolio management, which includes both the long-term ownership of selected assets, reflecting the Group’s ambition to operate under an IPP model, as well as the rotation of certain projects to finance the further development of its project pipeline and new investments.

As part of its European growth strategy, Çalık Renewables is making its first investment in renewable energy in Poland, increasing its international installed renewable capacity to over 400 MW. This investment by Çalık Renewables clearly demonstrates Çalık Group’s long-term commitment to sustainable economic growth and the green energy transition in Poland.

Chris Gill, Managing Director at Kajima Partnerships, said: “This transaction reflects Kajima’s commitment to supporting PAD RES Group’s long-term growth and its ambition to become a leading multi-technology renewable energy platform. By recycling capital from operational assets, PAD RES can accelerate the development of new projects, including battery storage and wind, which are critical to Poland’s green energy transition. Our partnership demonstrates how long-term investment can drive innovation and deliver a diversified renewables mix that strengthens energy security and supports sustainable economic growth.”