R Power secures funds for 300MW Polish PV

• Programmer won the capacity in renewable resource public auctions in Poland in 2021

Polish solar programmer R Power Group has safeguarded a financing agreement worth EUR189m for the construction of photovoltaic or pv projects totalling 299MW.

A bank consortium composed of ING Bank Slaski, Santander Bank Polska, Erste Group Bank, PKO Bank Polski and Bank Pekao has actually authorized the arrangement.

R Power won the 299MW of solar capacity in renewable resource auctions in 2021.

Last year, R Power appointed a portfolio of photovoltaic or pv farms with a capacity of over 175MW.

Additionally, as part of the auctions carried out the last numerous months, R Power secured the rights to sell power from project portfolios with a total capacity of over 400MW.

In total, in Poland the firm is establishing a project portfolio of over 6GW, which makes it the largest photovoltaic market gamer in the country.

The commercialisation of the financed projects has been partly secured via a PPA and also via 15-year CfD agreements that make certain an ensured degree of electricity prices.

Wanderer Electric will be accountable for the solar farms' performance, procedures as well as upkeep.