hep is expanding its operations in Europe and entering the Polish market with the acquisition of a 100-MW solar portfolio from Nebo Solar

Polish solar market holds great potential

Poland is the third-largest solar market in Europe, with 4.9 GW of newly installed capacity in 2022. Thanks to a favorable regulatory framework, Poland has become one of the fastest-growing solar markets in Europe. Since energy generation still relies heavily on conventional sources such as carbon-intensive coal, there is significant potential and a great need for renewable energy to help decarbonize Poland’s energy system.

The European industry organization SolarPower Europe expects an additional 17.5 GW to be installed in the Polish solar market by 2026.

A European milestone for the experienced solar company hep

Since 2008, the hep Group has built up a pipeline of over 5 GW of solar projects in the U.S., Canadian, Japanese, and German solar markets. “Entering the Polish market is a significant milestone for us, and we are excited about the opportunity to play an active role in the growth of the photovoltaic sector in Poland,” says Oleksandr Iakhnii, Director of M&A at hep.

About hep: Promoting the global energy transition

In addition to covering the entire lifecycle of a photovoltaic system, hep’s Investments division also handles project financing. From identifying greenfield sites to the long-term operation of a solar plant, hep offers all the products and services necessary for successful project implementation at every stage of a solar project—namely, project development, construction, and operation. At the same time, hep’s financial experts design international investments with varying durations and risk-return profiles.

Responsible Investing with hep

hep offers investors the opportunity to invest directly in climate protection funds. In addition to customized solutions for large-scale investors, hep also enables institutional and private investors to invest in the world’s largest solar markets: the U.S., Japan, Germany, Canada, and now Poland as well. The current hep investment fund is designed in accordance with Article 9 of the EU Sustainable Finance Disclosure Regulation, and its economic activities are consistent with the Taxonomy Regulation. This ensures compliance with the highest sustainability requirements for financial products currently available on the market.

About Nebo Solar

Nebo Solar is a joint venture between KRD Global Group, a European project developer, and ID Energy Group, an international EPC (Engineering, Procurement, and Construction) company. Nebo Solar specializes in the development of renewable energy and energy storage facilities, with a focus on large-scale projects. In addition, Nebo Solar offers photovoltaic systems for commercial and industrial customers in combination with energy supply and appropriate power purchase agreements.

The company’s goal is to create high-value-added projects by anticipating and taking into account the factors that can influence the construction and operation of facilities. Nebo Solar focuses on the optimal implementation of facilities to achieve the best balance between energy production and operating costs.

With a team of industry specialists who have more than 20 years of experience in the renewable energy sector in Poland, Spain, and other European markets, Nebo Solar is well-equipped to handle permitting processes—including environmental and spatial planning—as well as grid connection issues, construction, and the operation of photovoltaic plants.

Nebo Solar was advised on the sale of the 100-MW solar portfolio by dwf, a leading law firm based in Warsaw with extensive experience in the Polish energy and renewable energy market.