SUNfarming secures PLN 118m refinancing for 40MWp solar projects
- SUNfarming secures funds to refinance 40 MWp solar projects in Poland, with more projects in the pipeline. Leading the way in sustainable energy solutions.
German solar project developer SUNfarming GmbH has secured funds to refinance a portfolio of 43 solar projects in Poland with a total capacity of 40 MWp. The company obtained a senior term loan of PLN 118 million from PKO Bank Polski, with Capcora acting as the exclusive financial adviser. Construction on the solar farms, each averaging 1 MWp in size, is expected to be completed by the end of 2024, benefiting from a 15-year Contract for Difference secured in a 2020 solar auction.
SUNfarming currently has a 140-MWp portfolio of operational and ready-to-build solar projects in Poland, making it the company's second-largest market. In early 2023, SUNfarming secured EUR 50 million in debt financing to advance the construction of 231 solar parks with a combined capacity of 257 MWp in the country.
How did SUNfarming secure funds to refinance 40 MWp solar projects in Poland?
- SUNfarming secured funds through a senior term loan of PLN 118 million from PKO Bank Polski
- Capcora acted as the exclusive financial adviser for the refinancing of the 40 MWp solar projects in Poland
- Construction on the solar farms, each averaging 1 MWp in size, is expected to be completed by the end of 2024
- The projects will benefit from a 15-year Contract for Difference secured in a 2020 solar auction
- SUNfarming currently has a 140-MWp portfolio of operational and ready-to-build solar projects in Poland, making it the company's second-largest market
- In early 2023, SUNfarming secured EUR 50 million in debt financing to advance the construction of 231 solar parks with a combined capacity of 257 MWp in Poland
