The “Nova” portfolio consists of 43 individual solar projects, with an average size of 1 MWp, spread across Poland. The construction process of the portfolio will be completed by the end of this year. During its operational phase the portfolio will benefit from a long-term CfD secured in the 2020 solar auction held by URE.
SUNfarming, a Germany-based IPP, has a distinguished history and is a frontrunner in the Polish Solar market. Poland constitutes their second-largest market, with SUNfarming owning a portfolio of 140 MWp of operational and RTB solar projects in this country.
„We're delighted to have achieved financial close on a long-term project financing arrangement for a substantial portion of our Polish portfolio. This milestone is integral to our continued growth strategy in the market, and we eagerly anticipate intensifying our activities in Poland alongside our esteemed banking partners, including the leading commercial bank, PKO Bank Polski.“, said Martin Tauschke, managing director and co-partner of SUNfarming Group.
“PKO Bank Polski is the leader in financing the green transformation in Poland. We are proud to support SUNfarming in the implementation of renewable energy projects. Thanks to such investments, the share of renewable energy in the national energy mix will increase, which is beneficial for both the environment and the economy. Our role as a leader in the banking sector is to financially support the energy system transformation, which still requires large investments. This is one of the elements of PKO Bank Polski's strategy that we focus on,” emphasized Marcin Majewski, Head of Corporate Client and Enterprise Relations Division at PKO Bank Polski.
“We are delighted to continue backing our trusted client, SUNfarming, as they secure an attractive debt package and onboard another strategic partner to fuel their growth. This demonstrates our unwavering dedication to cultivating enduring partnerships while continuously providing value. “, explains Bartek Hofman, Director at Capcora and head of the Polish branch.
PKO Bank Polski was advised by Norton Rose Fulbright as legal advisor and UL as technical advisor. SUNfarming was advised by Rödl & Partner and Bird & Bird as legal advisors and Capcora as financial advisor.
