News Article

SUNfarming Reaches Financial Close On Project Financing For 26 MWp PV Portfolio In Poland


SUNfarming secures project financing from ING for Poland Capcora

SUNfarming achieved closing on the first tranche under a framework term loan and VAT facility in an amount of approx.

PLN 116 m provided by ING Bank Śląski S.A. The 15 years non-recourse loan is dedicated to refinance a portfolio of CfD awarded solar PV projects with 26 MWp in Poland. Financial close on the first tranche in an amount of PLN 45m was reached by 30th December 2020, the loan agreement was already signed in November 2020. Capcora assisted SUNfarming as financial advisor.

The projects are part of SUNfarming‘s growing IPP portfolio which has already reached a size of around 50 MWp. The financing represents one of the first long-term project financing for SUNfarming in Poland. Construction has been financed separately by equity and short-term bridge debt which will be refinanced with the new funds.

The transaction involved 26 projects held in 16 SPVs and was paid out at the level of a Polish HoldCo. The nature of the small-scale assets significantly increased the complexity of the process and documentation.

„We are happy to have reached our first financial close on a long-term project financing in Poland which is a key element for our further growth strategy in the market. We are looking forward to accelerate our Polish activities with strong and reputable bank partners such as ING bank.“, said Martin Tauschke, managing director and co-partner of SUNfarming Group.

ING was advised by Allen & Overy as legal advisor and UL as technical advisor.

SUNfarming was advised by Luther (documentation), Rödl&Partner (due diligence, tax) and Capcora as financial advisor.

SUNfarming Reaches Financial Close On Project Financing For 26 MWp PV Portfolio In Poland
Going Green In Lancashire – Hundreds Of Houses Installed With Solar Panels In Ground-breaking Project
SUNfarming Secures EUR 10 Million In Fresh Money For Poland
New Energy Scout GmbH Becomes Part Of Basler & Hofmann AG
EnBW Chooses Delta Inverters For 2.62 MWp Solar Farm In Kenzingen
Array Technologies Announces A 1GW Purchase Agreement With RP Construction Services
SunBrush Mobil Delivers Its New Cleaning Device For PV Tracking Systems To Chile
Sunstore Solar Launches WattGrid, A New Range Of Turnkey Off-grid Power Systems
EnergyLink3 And C4V Lead Tesla In Race To Less Toxic Mobile Battery Solution
Sonnedix Named ESG Global Solar Power Generation Sector Leader By GRESB
Sonnedix Acquires 150MW Utility Scale Project Located In Central Chile
Azelio And JET ENERGY In MoU To Develop Storage Projects With Solar PV In Africa
Ingeteam Supplies Solar Inverters For PV Project Of More Than 100MW In Chile
What Role Can Solar Energy Play In Enabling A Better Future
Everoze Creates Skyray To Design And Engineer Great Solar PV Projects
ENGIE And Kiwi Power Enter Netherlands’ Grid Flexibility Market
Luxcara Acquires Largest Independent PV Project In Germany From BELECTRIC
AEG Power Solutions Equips The Microgrid Laboratory Emulator Of Paderborn University
Sonnedix Adds 40 MW Of Capacity To Its Portfolio In Chile
Analysis Of UK Commercial Roof Space Shows Solar PV Film Can Achieve Net Zero Without Greenfield Sites
BayWa R.e. Sells Subsidy-free Solar Farm In Spain To Commerz Real’s Impact Fund Klimavest
US Solar Fund To Acquire Up To 50% Of 200MWDC Mount Signal 2
Oakapple Renewable Energy Appoint Stuart Gentry To Head Business Development
UK'S Largest Battery Ready To Balance The Grid

Search the news archive

To close this popup you can press escape or click the close icon.
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:
{taasPodcastNotification} Array