R.Power Lands ING Financing for 80-MWp Solar

• R.Power secures EUR 39.8M and PLN 18M financing from ING Bank Śląski for an 80-MWp Poland solar plant, backed by a 15-year PPA for 2,625 GWh.

R.Power said an affiliate secured project-finance funding totaling EUR 39.8 million and PLN 18 million from ING Bank Śląski for an 80-MWp solar plant in Poland. The loans are backed by market-rate interest terms on individual components and were granted to a project company in which R.Power holds a 50.1% majority stake.

The financing package includes a guarantee facility designed to support the project company’s obligations under a 15-year corporate PPA with a US-based technology company. The contract is reported to cover about 2,625 GWh of electricity over its term, helping “bankability unlock” the project for subsequent procurement, EPC execution and commissioning.

How does R.Power’s EUR 39.8m and PLN 18m ING financing boost Poland’s 80-MWp solar bankability?

• Brings substantial, construction-to-operations capital from a major local lender (ING Bank Śląski), reducing refinancing risk and helping align funding with the project’s development timeline for an 80‑MWp asset.
• Improves lender confidence through an equity-led structure: R.Power’s 50.1% majority stake signals sponsor commitment, which typically strengthens credit metrics used by project financiers.
• Supports stronger cash-flow certainty by tying financing capacity to a long-dated, contracted revenue stream—an important factor for solar bankability because it stabilizes debt-service coverage across volatile wholesale price periods.
• The guarantee facility helps protect the project company against specific performance and payment obligations under the 15-year corporate PPA, which can lower perceived downside for lenders and reduce the probability of funding failure.
  
• Using market-rate interest terms on individual components indicates the debt is structured to be commercially disciplined rather than subsidized, making the financing more comparable to standard project-finance benchmarks.
• Enhances “bankability unlock” momentum by making the project financing-ready: once debt is secured, the project can more readily move into subsequent steps such as equipment procurement, EPC contracting, and commissioning planning under clearer contractual and financial parameters.
• Strengthens bankability for later procurement and EPC execution by improving negotiating power and financing certainty—developers can lock in supply and construction milestones with funding already in place.
• The scale of the package (EUR 39.8 million plus PLN 18 million) provides flexibility across cost lines (modules, inverters, grid connection-related works, and balance-of-system items), which can reduce later funding gaps that often undermine solar loan conditions.
• Reduces project execution risk through financing that is tied to component-level market terms, helping ensure that critical technical elements are financed under assumptions lenders can underwrite.
• The contract’s reported energy volume (about 2,625 GWh over the PPA term) supports predictable revenue generation, which is central to underwriting debt repayment capacity and improving the bankability profile of the whole pipeline.
• Supports Poland-specific project-finance viability by anchoring the project in a long-term corporate PPA arrangement—an increasingly important route to bankable solar revenue in markets where merchant exposure can be harder for lenders to finance.