SUNfarming acquires further projects in Poland

SUNfarming is acquiring further ready-to-build photovoltaic projects with secured tariffs in December 2021 - the largest portfolio of 37 MWp consists of 39 individual projects that secured a Contract for Difference (CfD) in the auction in June 2021. The two other acquisitions with 16 MW and 7 MW are also solar projects that received a 15-year CfD.
SUNfarming has already been able to secure the construction phase financing for all projects in order to ensure that the projects can be implemented in a timely manner. In some cases, SUNfarming was able to draw on its existing interim financing line of EUR 35 million or expand the financing framework with existing partners. For the largest acquisition, SUNfarming used the credit of a new partner. This challenging transaction was completed in less than 6 weeks.
"Thanks to a good and professional cooperation with our advisors, we were able to acquire three portfolios from different sellers in December 2021 alone, while securing financing from three different capital providers. We would like to thank our existing and also new financing partners for their trust and look forward to realising the projects in 2022," Anna Pilarczyk-Naprawski, Managing Director Poland of SUNfarming Group, is pleased to announce.
"2021 was one of the most successful years in our company's history. Especially our Polish business is booming. We entered the market about 6 years ago and are happy to see that the hard work of the last years is bearing fruit. With the latest acquisitions, our portfolio has grown to almost 145 MWp and the target of 200 MWp by 2023 is now within reach," continues Martin Tauschke, Managing Director and co-partner of the SUNfarming Group.

SUNfarming press release published in PV Magazin (German)