GoldenPeaks secures €114m loan for two Polish solar portfolios construction

• GoldenPeaks Capital closed a €114 million senior loan to build two portfolios of Polish solar parks, supporting rapid delivery amid strong market fundamentals.

GoldenPeaks Capital has obtained a €114 million senior loan to finance the construction of two portfolios of solar PV parks in Poland, reinforcing a development strategy centered on repeatable, grid-friendly projects delivered at pace. The financing unlocks procurement of long-lead electrical gear—transformers, switchgear, protection systems—and allows mobilization of EPC crews across multiple sites, compressing timelines in a high-demand market.

Poland remains one of Europe’s most dynamic PV arenas, driven by corporate PPAs, auctions, and expanding merchant opportunities as industry decarbonizes. GoldenPeaks’ portfolio approach leverages standardized designs: high-efficiency (often bifacial) modules on single-axis trackers where terrain permits, DC/AC ratios tuned for annual yield, and plant controllers configured for reactive power, ride-through, and rapid curtailment per Polish grid codes. Unified SCADA and string-level monitoring sharpen O&M, lifting availability by basis points that compound across fleets.

Site selection emphasizes deliverability—proximity to strong substations, clear land access, and manageable environmental constraints. Biodiversity measures (species-rich groundcover, hedgerow reinforcement) and construction controls (traffic management, dust and storm-water plans) have become table stakes for local approvals. Decommissioning provisions and recycling pathways for modules and balance-of-plant components reassure landowners and municipalities.

While the immediate scope is solar, designs typically preserve transformer headroom and pad space for future batteries. Even two to four hours of storage can shift midday generation into evening peaks, reduce curtailment, and open ancillary-service revenues as Poland’s flexibility markets mature.

On the finance side, a senior loan at portfolio scale spreads risk and lowers transaction friction versus single-asset closes. It also supports bulk procurement pricing and schedule certainty—vital where delivery slippage on one transformer can delay an entire block. As assets reach COD, refinancing options broaden, including green bonds or term loans secured by contracted cash flows.

For Poland’s grid and consumers, the dividend is straightforward: more local daytime megawatt-hours delivered quickly, with pathways to future flexibility. For GoldenPeaks, the facility is a flywheel—turning a paper pipeline into electrons on the wire, site after site.