NordLB Backs Sun Investment’s 59-MW Polish Solar Portfolio

• NordLB backs Sun Investment’s 59‑MW Polish solar portfolio, showcasing bankable, battery‑ready bundles with bifacial tech, standardized EPC, fleet O&M, and PPA/hedge-backed resilience amid grid constraints.

Sun Investment secured a debt facility from NordLB to finance a 59-MW portfolio of Polish solar parks, advancing the market’s shift from single assets to scalable bundles. Portfolio financing offers diversification across sites, standardized EPC, lower soft costs, and fleet-level monitoring. Projects will use bifacial modules, optimized tilt/trackers, and string inverters.

Operational plans target predictable yield via high-resolution SCADA, IV-curve checks, thermography, and preventative maintenance. NordLB’s comfort rests on corporate PPAs, hedging, and route-to-market services, plus uniform covenants and reserve structures. The deal signals Poland remains financeable despite grid congestion, with “battery-ready” designs enabling future storage to mitigate curtailment and capture evening prices.

What makes this 59-MW Polish solar portfolio bankable and battery-ready?

• Contracted revenues with creditworthy offtakers diversified across multiple PPAs, tenors, and profile shapes; clear pass-throughs for grid fees/imbalance, and downside protections (caps/floors or collars) that stabilize cash flows.
  
• Robust merchant strategy beyond PPAs: dedicated route-to-market provider with imbalance tolerance bands, day-ahead/intraday optimization mandates, and interest-rate/FX hedges aligned to PLN cash flows.
  
• Fully de-risked permitting and land: long-term, mortgageable land rights; environmental approvals closed; grid connection agreements executed with firm capacity and clear curtailment/redispatch terms.
  
• Proven delivery chain: tier-1 module/inverter suppliers with long warranties, EPC/O&M contractors with LDs, availability and performance guarantees, and spare-parts strategy backed by escrow.
  
• Independent Engineer sign-off: bankable energy yield assessment (P50/P90 with quantified uncertainty), degradation assumptions validated, and grid compliance studies (fault-ride-through, reactive power) completed.
  
• Insurance stack sized for lenders: construction all-risks and DSU, operational property and business interruption, serial defect and performance cover, and third-party liability.
  
• Conservative financing metrics and protections: tested DSCRs under stressed scenarios, ring-fenced cash waterfall, maintenance and debt service reserves, step-in rights, and uniform security over shares and assets.
  
• Grid operability features: reactive power/voltage regulation capability, fast active-power control, certified protection schemes, and cybersecurity-hardened SCADA with segregated networks.
  
• Curtailment and congestion mitigation beyond storage: active constraint management, export-limiting and dynamic set-points, and contractual incentives for redispatch participation when available.
  
• EU policy alignment that attracts capital: taxonomy screening, sustainable procurement, and disclosures that suit Article 8/9 fund mandates.
  
• Battery-ready by design: oversized DC relative to AC to enable clipping capture; reserved MV bays, pad space, and conduit; transformers and protection sized for future BESS load; and EMS that can natively orchestrate PV+BESS.
  
• Control system compatibility: inverter and plant controller APIs prepared for state-of-charge, ramp-rate, and droop control so a BESS can deliver frequency and congestion services at commissioning.
  
• Commercial readiness for storage revenues: site metering and licensing structured to allow co-located BESS to stack arbitrage, peak/off-peak shaping, balancing (mFRR/aFRR), and capacity/ancillary services as Polish markets open.
• Permitting and grid code foresight for hybrids: approvals contemplate storage as an extension, with single connection point and cable-pooling to minimize grid fees and interconnection timelines.
• Data and operations for fleet value: standardized analytics, cybersecurity posture, and KPI reporting that lenders can underwrite portfolio-wide and later integrate BESS performance in the same dashboards.