GoldenPeaks Capital (GPC), one of Europe’s fastest-growing independent producers of renewable energy, has successfully closed a senior loan facility of EUR 114m to finance the construction of two solar photovoltaic (PV) portfolios in Poland. The financing was provided by PKO Bank Polski and Alior Bank. Capcora acted as the exclusive financial advisor to GPC on the transaction.
This transaction marks GoldenPeaks Capital’s thirteenth solar portfolio construction financing in Poland and underscores the company’s commitment to expanding its renewable energy footprint in Central and Eastern Europe reinforcing its position as a leading IPP of renewable energy in the region.
The solar assets are grouped into two separate portfolios. All projects will benefit from a long-term corporate Power Purchase Agreement (PPA). The project financing includes funding for the direct current (DC) upscaling capacity of the portfolio assets, with the additional funding contingent upon finalizing the permitting process.
The transaction includes a new banking partner, Alior Bank, while PKO Bank Polski, a returning lender, continues its strong support of GoldenPeaks Capital. Addleshaw Goddard acted as legal advisor to the senior lenders, while Greenberg Traurig and Clyde & Co served as GoldenPeaks Capital’s adviser for this landmark financing.
Anna Trochim, Head of Structured Finance at Alior Bank stated: “As a new banking partner for GoldenPeaks Capital, we are committed to providing innovative financial solutions and supporting their growth ambitions with tailored banking services. We are happy to be part of this transaction.”
Adam Kosmala, Head of Structured Finance Bureau at PKO Bank Polski said: “We are proud to continue our cooperation with GoldenPeaks Capital through a substantial financing share in this club deal. Beyond this, the transaction will enable a vast amount of new clean energy capacity and contribute to Poland’s renewable energy transition.”
“GoldenPeaks continues to be the leading IPP of renewable energy in Poland, which remains our core market. This transaction demonstrates our continued strong cooperation with local leading banks and strong international institutions on this journey,” said Daniel Tain, President and Founder at GoldenPeaks Capital.
“This financing marks the third successful transaction between GoldenPeaks Capital and Capcora and represents a large-scale, complex financing involving multiple smaller projects under a single structure. This deal showcases our continued partnership with GoldenPeaks Capital and highlights the value of local bank club financing structures,” said Alexander Enrique Kuhn, Managing Partner at Capcora.
