Claritas Poland Secures New Financing Of EUR 12.5m For PV Projects
Solar investor Claritas Poland Energy BV (“Claritas Poland”) has received another bridge financing facility for 25 new projects located in Poland benefitting from the November 2018 auction. The projects have already started construction and are being realized until Q1 2020. Capcora, a consulting firm specialized on real assets, again was accompanying Claritas as a financial advisor on the structuring and debt sourcing.
Claritas Poland initiates the next expansion stage in Poland. The new portfolio which is envisaged to be built until end of Q1 2020 consists of 25 photovoltaic ground mounted systems with a capacity up to 1 MW each. The portfolio benefits from a 15-year “contract for difference” from the November 2018 auction. The deadline for the completion of projects from the November 2018 auction was extended earlier this year to November 2020.
"We are happy to monetize our next PV portfolio in Poland. Bridge financing is a core element in our business strategy and enables us to fund the construction while optimizing the exit channels in parallel," said Bekir Sami Acar, Managing Director of Claritas Investments. “It is a great achievement to secure another financing of this type within only 4 months. We are proud to see our portfolio increasing with the help of Capcora,” quoted Mariusz Adamczewski, Managing Director of Claritas Poland Energy BV.