7. March 2023
Enery enters the Polish photovoltaic development market and plans further expansion

7th of March 2023, Vienna/Warsaw. Enery, a European renewable IPP,  is pleased to announce the successful closing of its first greenfield 65 MW photovoltaic (PV) project in Poland. The project is part of a framework agreement that provides Enery the exclusive right to develop up to c. 500 MW of development projects in Poland.

On the occasion of this milestone, Richard König, CEO and Lukas Nemec, COO of Enery commented: „We are happy to announce the completion of our market entry in Poland. We have been looking for a considerable time for the right entry to the Polish market. Poland is a market which offers a sizeable opportunity in PV, wind and battery storage and we are looking forward to building a sizeable and diversified position in this key country of the European energy transition and would like to thank our shareholders for their support”.

About the Portfolio
The 65MW project is part of a 500MW portfolio mostly located in South Western Poland. This particular project is in the Lower Silesia Province and has attractive irradiation for Poland.

About Enery
Enery is a young, operations-led renewable energy company founded by Richard König, Lukas Nemec and RP Global. The company is pursuing the green energy transition in Central Eastern Europe by focusing on the acquisition, development, construction and operation of renewable power plants and storage facilities. Since 2021, the Three Seas Initiative Investment Fund (“3SIIF”) has been Enery’s cornerstone investor and is supporting the expansion of Enery’s renewable portfolio. Enery currently produces almost 375 GWh of clean electricity, supplying almost 170,000 households across the region and saving more than 130,000 tonnes in CO2 emissions.

About The Three Seas Initiative Investment Fund
3SIIF is a dedicated commercial fund targeting infrastructure investments in Central and Eastern Europe (‘CEE’). The Fund invests in energy, transport and digital infrastructure in European Union (‘EU’) CEE member states where the demand for long-term commercial investment into national infrastructure is among the highest in the EU. The Three Seas region is comprised of 12 EU CEE member states which border the Baltic, Adriatic and Black Seas.

Amber Infrastructure Group is the exclusive investment adviser to the Fund and is responsible for origination, asset management, and capital raising services.