Eastern European solar investor GoldenPeaks Capital (GPC) has successfully completed the financing of a portfolio of solar projects with a total capacity of 72MW located across Poland.
The sites’ revenues are hedged through a Euro-denominated corporate power purchase agreement.
The financing package was provided by a banking club consisting of DNB Bank ASA and PKO Bank Polski.
German consulting company Capcora acted as the exclusive financial advisor to GPC.
GoldenPeaks Capital is one of the fastest growing independent green power producers in Europe and one of the largest solar photovoltaic asset owners in Poland.
Its “Charlie” portfolio consists of 55 individual solar projects, spreading across Poland, with size ranges from 1MW to 8MW.
“The Charlie portfolio exemplifies our ability to ensure the bankability of these projects,” said GPC president Daniel Tain.
“We are pleased that such reliable and committed partners as PKO Bank Polski and DNB support us in achieving our goal of accelerating the region’s transition to renewable energy.”
Director at Capcora and head of the Polish branch Bartek Hofman added: “GPC is undeniably one of the most advanced and forward-thinking players in the Polish market.
“We are immensely proud to work with them and being able to contribute to the success of the transaction by helping to form an exclusive club of two lenders.
“This collaboration reflects our shared commitment to pushing boundaries, embracing innovation, and driving positive change for our clients in Poland.
“Together, we aim to set new standards and make a lasting impact in the Polish financing landscape.”
GPC was advised by Dentons while PKO Bank Polski and DNB Bank ASA worked with CMS on both documentation and legal due diligence. Green Energy Venture AG acted as technical advisor to the lenders.