Business World of Renewable Energy

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PV Projects in Poland: Capcora Accompanies Modus Group on Portfolio Financing

Frankfurt, Germany - Modus Group plans to install 41 new solar power parks with a total capacity of 41 megawatts (MW) in Poland. The construction of the solar power plants is scheduled to be completed by the beginning of 2020.

The group foresees to invest approximately 36 million euro for the completion of these green energy projects. Debt funding has already been secured with support of financial advisor Capcora. For the construction of the new solar power plants Modus Group has attracted more than EUR 27 million from two Western Europe based debt funds in two individual transactions. The rest of the sum will be allocated from the company‘s own funds.

The solar power park projects will be implemented by Green Genius, a company owned by Modus Group. Earlier this year, Green Genius sucessfully completed 49 solar power park projects with a total capacity of 45.5 MW in Poland.

At the beginning of July, Modus Group concluded a sales transaction for 45.5 MW previously constructed solar power parks in Poland. It was acquired by the leading global asset manager Aberdeen Standard Investments infrastructure fund. According to data available for the company, it was the largest transaction for solar power parks in Poland so far.

Source: IWR Online, 31 Jul 2019