Solaer Renewable Energies is in advanced due diligence under exclusivity for the acquisition of a portfolio of connected solar projects in Poland with a total capacity of 270 MW.

A memorandum of understanding has been signed for the purchase, according to a Q3 2025 update by the Tel Aviv-listed company, with the expected enterprise value of the transaction at approximately EUR 180m.

The deal is anticipated to include project debt of 60-70% and around 75% of the energy produced by the portfolio will be hedged under 15-year CfDs.

The complex is expected to carry a NIS 240m (EUR 63m) purchase cost excluding debt, and is forecast to produce NIS 100m (EUR 26m) in annual revenue once operations are achieved in 2026.

Solaer is also considering a contract with a prominent operations and maintenance company in Poland for ongoing management of the assets.

The licensing process for the 270 MW Polish portfolio is in its final stages, with readiness for construction and completion of transaction terms expected soon.

Elsewhere in Poland, Solaer has signed binding agreements for the sale of 150 MW and acquired 100 MW, in addition to the 270 MW portfolio currently under negotiation.

The company is also examining the acquisition of several other projects, including Libertad, Poland 2, Poland 3 and the Sardinia project in Italy, with a combined capacity of 1,912 MW.

The projected construction cost for these assets is NIS 4,980m (EUR 1.315bn), with total annual revenue forecast at NIS 651m (EUR 172m).

For the period ending September 30 2025, Solaer reported revenue of NIS 71m (EUR 19m), total assets of NIS 1,774m (EUR 468m), total capital of NIS 339m (EUR 89m) and cash and cash equivalents of NIS 84m (EUR 22m).

Solaer’s global activity covers initiation, construction, acquisition, financing and operation of renewable energy projects in five countries and is targeting achieving 5 GW of installed capacity by the end of 2030.