Sun Investment Group has secured a €32.5m financing package for a 59MW portfolio of 32 solar farms in Poland from NORD/LB.
NORD/LB acted as sole lender on the deal, with Capcora serving as financial adviser.
The 32 solar farms will come into operation throughout 2026 and 2027.
The portfolio will partially benefit from Poland’s Contracts for Difference (CfD) support scheme, helping to mitigate merchant risk and ensure a steady revenue stream for up to 15 years.
Director at NORD/LB Cécile Luciano said: “We are delighted to be selected by Sun Investment Group to finance and support the development of this Polish solar portfolio.
“Poland is one of Central and Eastern Europe’s leading and fastest-growing renewable energy markets, and Sun Investment Group’s portfolio will deliver a meaningful contribution to increasing the country’s PV capacity and supporting ambitious decarbonisation and net-zero goals.”
Chief Operating Officer of Sun Investment Group Enrique Gomez de Priego (pictured) said: “This partnership underscores the commitment of major financial institutions to support European green energy objectives and enhances SIG’s capacity to make a meaningful impact in the renewable energy sector.
“The addition of these 32 solar plants to our expanding portfolio will accelerate our efforts to deliver clean energy in Poland while reinforcing our commitment to sustainability and local communities.”
Poland has a target of 40GW of installed solar capacity by 2030 and 59GW by 2035.
Dentons acted as NORD/LB’s legal adviser on the deal, while Norton Rose Fulbright acted as Sun Investment Group’s legal adviser.