SUNfarming unit locks Hansainvest debt for 257 MWp of Polish solar
- German independent power producer SUN IPP GmbH & Co KG, part of solar installer SUNfarming Gruppe, has gotten EUR 50 million (USD 53.9 m) in debt financing to bankroll the construction of 257 MWp of solar projects in Poland.
The funding is being given by Hansainvest Real Assets, the Hamburg-based investment firm claimed on Friday. Under the arrangement, mezzanine capital will certainly be expanded in the form of a subordinated finance with a regard to 20 years.
The fresh funds are set aside for the building of 231 photovoltaic (PV) parks across Poland. Details about the particular projects as well as their exact locations were not available.
"We delight in to celebrate our debut on the Polish renewable resource market with an existing companion, who at the same time has actually been energetic on the Polish market for several years now and also currently boasts a substantial record," stated Christoph von Geldern, head of Portfolio Management Infrastructure at Hansainvest.
Hansainvest's advisor in the deal was Dentons, Renerco Plan Consult and also Baker Tilly, while Capcora provided financial counsel to Sunfarming Group.