Capcora GmbH
SUNfarming secures new bridge financing of EUR 9.5 million for 20 MWp PV portfolio in Poland
DGAP-News: Capcora GmbH
/ Key word(s): Financing
SUNfarming Group from Erkner receives a new bridge financing facility for acquisition and construction of ready-to-build and tariff-secured photovoltaic projects in Poland. Construction of the first projects is expected to start in the short term with a scheduled completion date in Q1 2022. Capcora, a consulting firm specialised on real assets, was again mandated as financial advisor with structuring of the transaction and debt sourcing. With acquisition and financing of a solar portfolio with a total capacity of 20 MWp, SUNfarming initiates the next stage of expansion in Poland. The new portfolio, to be built in different stages, consists of 23 different ground-mounted photovoltaic plants with a capacity of up to 1 MW each. All projects benefit from a 15-year “contract for difference” from the auction that took place in December 2020. Additional portfolios of similar design and scale are currently in final purchase negotiations. “We are pleased to capitalize our next PV portfolio in Poland. With this acquisition, we expand our existing portfolio to 84 MWp and come a good step closer to our goal of 200 MW by 2023,” said Anna Pilarczyk-Naprawski, Managing Director Poland of SUNfarming Group. “The acquisition of these <1MW projects is another intermediate step towards implementation of significantly larger PPA projects in Poland. Currently, we have more than 300 ha in project development.” continued Martin Tauschke, Managing Director and Co-Partner of SUNfarming Group. SUNfarming was assisted in the transaction by Bird&Bird as legal counsel and Capcora as financial advisor.
05.10.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |