Info
Info
News Article

SUNfarming Secures EUR 10 Million In Fresh Money For Poland

News

Frankfurt am Main - The SUNfarming Group from Erkner has increased its existing revolving credit line from EUR 25 million to EUR 35 million. The additional liquidity of EUR 10 million will initially be used for bridge financing of Polish PV projects with approx. 17 MW. The consulting firm Capcora accompanied the process as financial advisor.

SUNfarming was able to secure the revolving bridge financing line with a term until September 2022 at the end of 2019 with support of Capcora. It was provided by a European private debt fund. The credit line has already been increased twice in succession. In addition, the financing and project criteria were made more flexible. Thus, CfD projects in Poland with a capacity of up to

1 MWp as well as German EEG projects below 750 kWp in the construction phase and to a certain extent projects in development can be financed with the line.

To date, a project volume of more than 70 MW has already been bridge financed.

The instrument can be used on a revolving basis, i.e. projects can leave the collateral pool after refinancing by a bank and be replaced by new assets.

"We are pleased that our partner is once again placing its trust in us and supporting our growth ambitions with additional capital. The Polish market continues to offer great potential and we are ideally positioned to take our portfolio to the next level," explains Martin Tauschke, managing director and co-partner of SUNfarming Group.

SUNfarming Secures EUR 10 Million In Fresh Money For Poland
Luxcara And GE Renewable To Deliver 753 MW To Sweden With Single Onshore Wind Farm
Sonnedix Adds 40 MW Of Capacity To Its Portfolio In Chile
VivoPower International PLC Announces Completion Of Electrical Works For 39 MWdc Molong Solar Farm
Sonnedix Brings Chile Closer To Meet Its Renewable Power Targets
International Solar Alliance Special Assembly Elects Dr Ajay Mathur As New Director General
SUNfarming Reaches Financial Close On Project Financing For 26 MWp PV Portfolio In Poland
Ib Vogt Achieves Financial Close And Start Of Construction Of 116 MWp Solar PV Project In Malaysia
SunBrush Mobil And Infinity Establish Service Base At Benban, Africa's Largest Solar Park
The Smarter E South America Postponed To October 18-20, 2021
Solar Energy For Water Treatment: IBC SOLAR Helps Water Authority Become More Sustainable
Driving Efficiency Through Flexible Solar Power Solutions
Q CELLS Solar Modules Keeping The Lights On For Dutch Bulb Grower
Going Green In Lancashire – Hundreds Of Houses Installed With Solar Panels In Ground-breaking Project
Sonnedix Acquires 150MW Utility Scale Project Located In Central Chile
AEG Power Solutions Equips The Microgrid Laboratory Emulator Of Paderborn University
SolarArise Commissions 75 MW Solar Plant In Uttar Pradesh
Analysis Of UK Commercial Roof Space Shows Solar PV Film Can Achieve Net Zero Without Greenfield Sites
Oakapple Renewable Energy Appoint Stuart Gentry To Head Business Development
BayWa R.e. And HeidelbergCement Sign First Solar Corporate PPA In Polish History
Leclanché Selected By ENERGODATA To Provide Battery Storage
Winch Energy Closes Largest Mini Grid Financing Portfolio To Date
Greencoat Renewables Announces First Transaction In Nordic Market
US Solar Fund To Acquire Up To 50% Of 200MWDC Mount Signal 2

×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the Solar + Power Magazine, the Solar + Power Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info
{taasPodcastNotification} Array
Live Event