PST
PST (Projekt Solartechnik) is a Poland-based utility-scale renewable energy developer and operator, wholly owned by WSE-listed Grenevia Group, developing, constructing, and selling large-scale photovoltaic and wind farms to industrial offtakers and investors across Europe.
- Company typePrivate
- Founded2010
- HeadquartersDresden, Germany
- Headcount11–50
- GTM typeB2B
- OfferingServices
What PST does
PST (Projekt Solartechnik) is a Poland-headquartered renewable energy developer and operator, wholly owned by the WSE-listed Grenevia Group. Founded in 2010 and headquartered in Katowice, the company specializes in the end-to-end development, construction, and operation of utility-scale photovoltaic farms, with growing exposure to onshore wind projects, battery energy storage systems (BESS), and specialized formats such as agrophotovoltaic and floating PV installations. As of late 2024 its RES portfolio at various stages of development was estimated at approximately 5 GW, including 134 MW under construction financed by a PLN 428 million banking syndicate and 1.3 GW of grid connection conditions held across PV, wind, and storage. The company operates through wholly-owned regional entities in Germany (Dresden, focused on agro-PV and floating PV), France (Rouen), Romania (Bucharest), and Spain (Madrid), and runs a dedicated energy-trading subsidiary, PST Trade S.A., for green power and guarantees of origin.
PST's business model combines four revenue streams: (1) one-time project sales of ready-to-build and operational PV and wind farms to investors and industrial offtakers — exemplified by the 50 MW portfolio sale to KGHM Polska Miedź and the preliminary NEXTPOWER Fund agreement covering 10 provinces; (2) long-term corporate and standard PPA/cPPA energy sales via PST Trade to enterprise customers including KGHM, Famur/Grenevia Group, Budimex, Amiblu Poland, .KTW, and Respect Energy; (3) recurring O&M services for installed PV farms; and (4) operation of an owned IPP portfolio for long-term generation revenue. The go-to-market is enterprise field sales targeting large energy-intensive industries and direct engagement with institutional investors for portfolio transactions, supported by active participation in industry events (PWEA, PV Congress, EuroPOWER, Intersolar Europe, Solarplaza, Aurora Energy Research). Pricing is project-specific and negotiated individually, with multi-year contract structures for PPA/cPPA arrangements.
Capital structure is built on a consortium of Polish bank lenders (ING Bank Śląski, Pekao, BNP Paribas Bank Polska), two Polish Development Fund (PFR) facilities totaling PLN 210.5 million, Eiffel Investment Group bridge financing, and the credit profile of parent Grenevia Group. Huawei is the core inverter and transformer technology partner (Most Advanced Partner 2022). In 2025 PST executed a corporate simplification — transformation from S.A. to sp. z o.o. plus consolidation of more than 35 subsidiary SPVs — signaling preparation for further capital deployment. Named customers include some of Poland's largest industrial energy buyers, providing a credible reference set for new corporate PPA origination.
PST firmographics
Firmographics- Name
- PST
- Legal name
- PST spółka z ograniczoną odpowiedzialnością
- Website
- https://projektsolartechnik.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- PST (Projekt Solartechnik) is a Poland-based utility-scale renewable energy developer and operator, wholly owned by WSE-listed Grenevia Group, developing, constructing, and selling large-scale photovoltaic and wind farms to industrial offtakers and investors across Europe.
- Ownership category
- akta.pro rank
PST industry classification
Industry- Product category
- Renewable Energy Project Development
- NAICS
- Solar Electric Power Generation (221114), Electric Power Generation (22111)
- SIC
- Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Solar Project Development & IPP (Utility-Scale & Rooftop) (EUAMABAA)
- akta.pro secondary industries
- Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB), Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG)
Keywords
Where PST is headquartered
LocationHeadquarters
- HQ city
- Dresden
- HQ country
- Germany
- HQ region
- Europe
Offices8 records
Markets served
PST business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Supply Chain, Infrastructure, Personnel, Operations, Marketing or Sales
Revenue model
- PV Farm Development and Sales: Developing photovoltaic projects through various stages (pre-RtB, RtB, operational) and selling completed farms or portfolios to investors and energy consumers. Revenue from project sales including O&M services.
- Energy Trading (PST Trade SA): Green energy trading on wholesale and local markets through PST Trade SA subsidiary. Sale of energy under PPA/cPPA contracts, guarantees of origin, and energy consulting services.
- O&M Services: Operations and maintenance services for PV farms post-sale, providing ongoing revenue from installed base.
- Independent Power Producer (IPP): Building and operating own portfolio of PV farms for long-term energy generation and sales.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Project-specific enterprise pricing |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
PST product offering
Product offeringCore offering
PST (Projekt Solartechnik) develops, constructs, and sells large-scale photovoltaic (PV) and wind farm projects, with a portfolio of approximately 1.5 GW at various stages of development. The company handles end-to-end project development including land acquisition, permitting, construction, and sale of ready-to-build (RtB) and operational farms to investors and industrial energy consumers. Through its PST Trade S.A. subsidiary, it also trades green energy on wholesale and local markets under corporate PPA and cPPA contracts, provides guarantees of origin, and delivers O&M services for installed farms.
Product overview
PST (Projekt Solartechnik) is a renewable energy company offering an integrated platform for developing, constructing, and trading energy from photovoltaic and wind farms. The core offering consists of turnkey PV farm construction and project development services, supplemented by wind farm development, energy storage (BESS) projects, and a comprehensive suite of trading services through its PST Trade subsidiary. The product portfolio includes land lease services, PPA/cPPA power sales contracts, guarantees of origin, green energy sales, and project sales (both PV and wind). The company also provides O&M services and repair services for installed farms. PST Trade S.A. serves as the energy trading arm, enabling cPPA/PPA contracts, commercial balancing services, and energy consulting. The platform supports the full project lifecycle from greenfield development through construction to operational trading and maintenance.
Differentiator
Problem solved
Functional benefit
Products and services
- Turnkey PV Farm Construction End-to-end development and construction of large-scale photovoltaic farms, including land acquisition, design, permitting, construction, and energization. Offered to investors, RES asset managers, and industrial energy consumers.
- Photovoltaic Farm Project Development Development of PV farm projects from greenfield stage through permitting and securing grid connection conditions to ready-to-build (RtB) status. Sold or transferred to investors.
- Wind Farm Project Development Development of onshore wind farm projects including land acquisition, permitting, and securing grid connection conditions.
- cPPA and PPA Power Sales Contracts Corporate and standard Power Purchase Agreement services for sale of green energy from PV and wind farms to business customers. Offered by PST Trade S.A.
- Green Energy Sale Sale of green electricity generated from PST's own renewable energy installations to business customers.
- Guarantees of Origin Guarantees of origin certificates for renewable energy, certifying the renewable nature of electricity produced and sold.
- PV Projects Sale Sale of ready-to-build (RtB) and operational photovoltaic farm projects to investors and industrial energy consumers.
- Wind Projects Sale
Quantifiable outcome
- 140 photovoltaic farms with 134 MW capacity financed through PLN 428M loan
- +3 more outcomes
Companies that use PST
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
PST technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
PST partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered supporting and core.
- Rymarz Zdort Maruta Law FirmsupportingLegal advisor and partner for PFR loan transaction. Advised on legal aspects of photovoltaic project financing.
- HuaweicoreTechnology partner providing inverters and transformer stations for PV farms. Awarded 'Most Advanced Partner' status in 2022. Proven technology partner with FusionSolar solutions deployed on PV farms.
- Grenevia Group (Parent)corePST/Projekt Solartechnik is one of four pillars of Grenevia Group (WSE-listed). Group recorded revenue growth in all segments in H1 2023. CEO Mirosław Bendzera represents Grenevia at industry events.
- PwCsupportingLead transaction advisor supporting KGHM and other major project sales. Advisory on deal structuring and financial aspects.
- GNZ LegalsupportingLegal advisor for KGHM transaction and other project sales. Supported deal structuring and legal documentation.
- EIDOSsupportingAdvised Amiblu Poland on PPA transaction. Provides energy purchase optimization services to 200+ companies in Poland.
- Aurora Energy ResearchsupportingEnergy analysis provider organizing conferences and summits. Provides market intelligence and forecasts for RES industry. PST participates in Aurora events in Italy, Germany, and Poland.
- La Plateforme VertesupportingFrench association for renewable energy. Projekt Solartechnik joined to support innovative RES initiatives and expand knowledge of French market through working groups.
- Polish Wind Energy Association (PWEA)supportingIndustry association for wind energy in Poland. Projekt Solartechnik is a member. Participates in annual conferences and advocates for legislative changes.
- Polish Photovoltaics AssociationsupportingIndustry association for PV sector. Projekt Solartechnik is a member. Participates in PV Congress and other association events.
Scale indicators15 records
Recent moves14 records
Expansion highlights6 records
PST competitors and assessment
Company assessmentDirect peers
- Sun Investment Group: Poland- and Lithuania-focused solar developer building utility-scale PV farms with corporate PPAs. Closely comparable to PST's cPPA-driven model and Central European development pipeline.
- R.Power: Polish independent PV developer and EPC contractor with utility-scale farms and rooftop portfolio. Directly comparable to PST's Polish PV development, EPC, and cPPA focus, and competes for the same land bank and industrial offtakers.
- Solarpro Holding: Bulgarian-headquartered PV developer and EPC with operations across CEE. Comparable to PST in utility-scale PV development, project sales to investors, and international expansion strategy.
- PNE AG: German-listed wind and PV developer with project pipeline, IPP operations, and international expansion. Comparable to PST's combined wind + solar + storage development and IPP pivot.
- VSB Group: European renewable developer with wind and PV project pipeline across Germany, France, and CEE. Comparable to PST's multi-country land-banking and turnkey PV/sales business.
Others
- Respect Energy: Polish energy trader and renewable developer that contracted a 130 GWh PPA with PST. Comparable as a regional energy trading and renewable player serving similar industrial customers, though on the offtake side rather than as a developer peer.
- Huawei FusionSolar (Smart PV): Inverter and PV plant technology supplier that awarded PST its 2022 'Most Advanced Partner' award. Comparable as a key enabling technology vendor rather than a developer competitor.
Broad incumbents
- 7C Solarparken: German-listed solar IPP owning and operating utility-scale PV parks across Europe. Comparable to PST's IPP and O&M services arm in operating-portfolio focus and recurring cash flow model.
- Encavis AG: Germany-listed IPP operating solar and wind farms across Europe with cPPA sales. Overlaps with PST's IPP build-out and cPPA trading via PST Trade, though at much larger scale.
- RWE Renewables: Global renewable developer and IPP with significant utility-scale solar, wind, and storage pipeline in Europe. Competes with PST for German and other Western European development sites and corporate PPAs.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
PST social profiles
Digital presencePST financial estimates
Financial estimateRevenue estimate
Valuation estimate
PST leadership team
Management profileNumber of profiles
Profiles14 records
PST subsidiaries and ownership
Company hierarchySubsidiaries8 records
PST funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PST M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PST
What does PST do?
PST (Projekt Solartechnik) develops, constructs, and sells large-scale photovoltaic (PV) and wind farm projects, with a portfolio of approximately 1.5 GW at various stages of development. The company handles end-to-end project development including land acquisition, permitting, construction, and sale of ready-to-build (RtB) and operational farms to investors and industrial energy consumers. Through its PST Trade S.A. subsidiary, it also trades green energy on wholesale and local markets under corporate PPA and cPPA contracts, provides guarantees of origin, and delivers O&M services for installed farms.
Is PST a public or private company?
PST is a private company. It is classified as corporate owned and is currently operating.
When was PST founded?
PST was founded in 2010. It employs 11 to 50 people.
Where is PST based?
PST is headquartered in Dresden, Germany, in the Europe region.
How does PST make money?
Four revenue lines are on record. PV Farm Development and Sales are the primary driver. The others are energy Trading (PST Trade SA), O&M Services and independent Power Producer (IPP).
Who are PST's main competitors?
Direct peers on record are Sun Investment Group, R.Power, Solarpro Holding, PNE AG and VSB Group. Others are Respect Energy and Huawei FusionSolar (Smart PV). Broad incumbents are 7C Solarparken, Encavis AG and RWE Renewables.
Does PST have an API?
No public API is recorded for PST.
What industry is PST in?
PST's product category is Renewable Energy Project Development. Its primary akta.pro industry code is EUAMABAA, Solar Project Development & IPP (Utility-Scale & Rooftop), with a secondary code of EUAMABAB, Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System). Its NAICS code is 221114 and its SIC code is 4991.