Google-backed GoldenPeaks secures EUR 109m for Polish solar

• GoldenPeaks Capital partners with Google for solar plant construction in Poland, supported by EUR 109 million financing from NORD/LB. Aiming to power 12,000 homes annually, aiding Google's carbon reduction goals.

GoldenPeaks Capital has secured EUR 109 million in financing and a deal with Google LLC for the construction of 117 MW of solar plants in Poland. The financing was provided by German bank NORD/LB and will support two portfolios of over 100 photovoltaic projects, set to be operational by the end of the year. The solar plants will generate enough electricity to power over 12,000 homes annually and will be sold under a 10-year power purchase agreement with Google, aiding the tech giant in reaching its carbon reduction goals.

The construction of the solar plants is part of GoldenPeaks' focus on green energy in Central and Eastern Europe. The company's partnership with Google highlights the growing trend of tech companies investing in renewable energy projects to reduce their carbon footprint. The financing and off-take deal demonstrate the increasing interest and investment in solar energy in Poland and the region as a whole.

How will GoldenPeaks' solar plants in Poland impact Google's carbon reduction goals?

• The 117 MW of solar plants in Poland will significantly contribute to Google's carbon reduction goals by providing renewable energy to power over 12,000 homes annually.
  
• The 10-year power purchase agreement with Google will ensure a stable source of clean energy for the tech giant, further supporting its commitment to sustainability.
  
• GoldenPeaks' focus on green energy in Central and Eastern Europe showcases the company's dedication to promoting renewable energy in the region.
  
• The partnership between GoldenPeaks and Google reflects the growing trend of tech companies investing in renewable energy projects to reduce their carbon footprint.
• The financing provided by German bank NORD/LB highlights the increasing interest and investment in solar energy in Poland and the region as a whole, signaling a shift towards cleaner energy sources.