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The first 4 plants (4 MWp) out of the total 51.5 MWp Polish photovoltaic (PV) power plants, in which SINO-CEE Fund (SINO-CEEF) invested in early 2020, were officially completed after a year of construction and successfully connected to the Polish power grid on February 5th, 2021. The remaining 47.5 MWp are expected to be completed and connected to the grid in the next 3 to 4 months. The total power generation of these projects is expected to reach 50 GWh per year, which meets the electricity demand of more than 9,000 households in Poland and reduces nearly 50,000 tons of carbon dioxide emissions annually, in line with the renewable energy development goals of Poland.
SINO-CEEF is a private equity fund, registered in Luxembourg, under 17+1 cooperation mechanism focusing on creating longer-term value for the companies it invests in. The fund is pursuing majority and minority equity as well as mezzanine investments, thereby targeting infrastructure, manufacturing, consumer goods and services sectors.
