Gülermak acquires 69 MW Powidz 2 solar project in Poland

What happened

Gülermak Renewables has acquired Powidz 2, a 69 MW solar development in Wielkopolska, Poland. The transaction lifts the company’s renewable portfolio in Europe to more than 400 MW.

Powidz 2 is next to Powidz 1, a 5 MW solar project held by Gülermak Renewables. The new project has obtained the permits needed for development and is at a stage where construction can begin, according to the announcement.

The company intends to open an engineering, procurement and construction (EPC) tender shortly. Gülermak has not identified an EPC contractor in the information provided.

Why it matters

The acquisition adds a sizeable permitted solar asset to Gülermak’s Polish portfolio while placing it alongside an existing company project. It also follows the company’s purchase, in the prior month, of the Project Vistula portfolio, which included Powidz 1.

For developers, contractors and suppliers following the Polish market, the planned EPC process is the immediate item to watch. The project’s permitting status and stated construction readiness distinguish it from earlier-stage pipeline capacity, although construction is not currently scheduled to start until 2027.

The deal provides a further indication of Gülermak Renewables’ European portfolio growth, with Powidz 2 taking the total beyond the 400 MW threshold.

Development timetable

Gülermak Renewables is targeting the fourth quarter of 2027 for the start of construction. It aims to begin electricity generation from Powidz 2 in 2029.

These dates are targets rather than evidence that works have started. The expected EPC tender is therefore the next disclosed project milestone before the construction phase.

Previous transaction

In the preceding month, Gülermak Renewables took over Project Vistula for £30.4 million. That portfolio comprised solar projects with combined capacity of 62.7 MW and included Powidz 1.

With Powidz 2 now added, the company has combined the new 69 MW development with a nearby asset obtained through that earlier portfolio purchase. Stakeholders should monitor the forthcoming EPC tender and progress towards the late-2027 construction target.