R Power has secured PLN181m (about €43m) of project financing from Bank Millenium for a photovoltaic portfolio in Poland.
The company said the nine-project portfolio includes operating assets and further sites to be built and commissioned by the end of 2026, with revenues supported by a mix of CfDs and a 470GWh power purchase agreement.
It added that the deal lifts its total project financing raised over the past year to about €150m as it completes a series of debt market firsts across several European countries.
R.Power noted that earlier financings included its first international deal for 44MWp of PV in Portugal, its first Romanian project financing for 23MWp of PV, and a first German project financing for the 20MW Klotze PV project.
Further milestones included a €49m loan for the 127MWp Żary-Marciszów plant from the National Recovery and Resilience Plan fund and credit approval for its first BESS project financing for the 127MW/254MWh Scornicesti scheme.
“R.Power has built a demonstrable track record in the debt markets, earning the backing of multiple respected banks and institutions across Europe,” said Michał Swół, chief investment officer at R.Power.
“With one of Europe’s largest investor-ready pipelines of utility-scale storage and renewables projects, we expect to be even more active in the project financing arena in 2026,” he added.
The company stated that it also secured PLN499.1m (€118m) of grant agreements for priority BESS projects and last year issued its first euro-denominated green bonds in a €30m subscription from IFC.
It said an additional subscription of up to €20m is anticipated, taking combined euro and zloty bond issuance to more than €195m.
R.Power reported that its grid-secured development pipeline exceeds 10GW across six markets and complements a 1.4GW operational and construction portfolio supported by debt financing and long-term offtake agreements.