Transaction: Sunfarming Secures EUR 17 Million for PV Projects in Poland

Frankfurt am Main - The Sunfarming Group from Erkner in Germany plans to expand its photovoltaic portfolio in Poland to a total output of approx. 60 megawatts peak (MWp).

The energy service provider has secured two new interim financing lines with various debt funds for a total volume of EUR 17 million (EUR million). The consulting firm Capcora again was mandated to accompany the financing processes as an exclusive financial advisor.

EUR 12 million will be used to finance the construction of new photovoltaic projects in Poland with a capacity of 17 MWp, which will be awarded a contract in the 2018 auction. An existing financing line was increased from EUR 20 million to EUR 25 million. "With the conclusion of these two new facilities, we will continue our growth after a successful year 2018 and significantly increase the Polish portfolio to at least 150 MWp over the next two years," says Martin Tauschke, Managing Director and Co-Owner of the Sunfarming Group.

Since its incorporation in 2004, Sunfarming GmbH has covered the entire project development and EPC value chain (engineering, procurement, construction): from planning, development and financing to construction, monitoring and servicing of solar parks and e-mobility. The international Sunfarming team has already installed a plant capacity of more than 600 MWp. SUNfarming assumes the technical operation and some of the commercial services for over 320 MWp for other companies in Germany and abroad.

Source: IWR Online, 25 Nov 2019