Energization of the Boguszyn project

EuroEnergy is thrilled to announce the successful Energization of the Boguszyn project, a 20 MW solar park in the Boguszyn precinct in southwest Poland. This marks our official entry into the Polish market, expanding our European footprint to include Poland alongside Greece, Romania, and Croatia.

Built together with our JV partner in Poland, Afcon Renewable Energy, EuroEnergy is also pleased to announce the signing of Credit Facilities with MBank S.A., totaling PLN 65.7 million, and that translates to almost 16 million USD. These credit facilities will support the ongoing construction efforts across our solar portfolio in Poland, highlighting our dedication to advancing clean energy projects, while spurring positive impact on the local economy through job creation and investment.

The plant is projected to generate an estimated annual clean energy of 22 GWh, enough to power approximately 11,300 households and a potential CO2 emission reduction of 14,800 metric tons annually, underscoring our commitment to facilitating the energy transition in Southeastern Europe.

We extend our sincere appreciation to the dedicated teams at EuroEnergy and Afcon Renewable Energy, as well as to our EPC contractor Onde S.A., our asset managers Ergy, and our project managers Horizons Sp. z.o.o. for their relentless efforts and invaluable contributions throughout this project.

Theofanis Mermigkousis, CEO of EuroEnergy, highlighted: “Reflecting on the successful electrification of the Boguszyn project, I am deeply proud of the dedication, hard work, and expertise demonstrated by all EuroEnergy members involved and our esteemed partners. This project represents a significant advancement for clean energy in Poland, and we take pride in our essential contribution to turning it into reality”.

Tal Raz, Afcon Renewable Energy CEO mentioned, “I am glad that we have achieved one more significant milestone, establishing our position in the Polish market. The continued trust of established local stakeholders is a major achievement for our company. I would like to thank our Afcon Holdings and our institutional partners Migdal and Menora, for their continued support.”

Dimitris Dimas, EuroEnergy Senior Project Manager further remarked: “I’m proud to co-lead the construction and electrification efforts for our Boguszyn project and I would like to extend my gratitude to all our partners. We demonstrated our commitment to advancing sustainable energy solutions.”

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