SUNfarming, a leading German IPP, has successfully completed a PLN 118 million project financing from PKO Bank Polski to refinance a 40 MWp solar project in Poland.

The "Nova" portfolio comprises 43 solar projects with an average size of 1 MWp, which are scheduled for completion by the end of the year. These projects benefit from a long-term CfD acquired from URE at the 2020 solar auction.

Martin Tauschke, Managing Director of SUNfarming Group, said: "This milestone is an essential part of our growth strategy in the Polish market."

PKO Bank Polski emphasised its role in financing the green transformation in Poland. Marcin Majewski, Head of Corporate Clients and Corporate Relations, explained: "Our role as a leader in the banking sector is to financially support the energy transition."

Capcora supported SUNfarming in securing the loan package and adding another strategic partner. PKO Bank Polski was advised by Norton Rose Fulbright and UL, SUNfarming by Rödl & Partner, Bird & Bird and Capcora.

Comments are closed.