Global Infrastructure SherpaR.Power secures project financing from Bank Millenium SA for Polish PV portfolio
EUR43M
Deal Value
70.5 MW
Capacity
European Independent Power Producer R.Power has secured PLN181 million (around 43 million euros) of project financing with Polish commercial lender Bank Millenium SA for a 70.5 MWp PV portfolio in Poland.
Deal Analysis
R.Power's successful acquisition of PLN181 million in project financing from Bank Millenium SA for a 70.5 MWp solar PV portfolio in Poland demonstrates the continued growth and attractiveness of the Polish renewable energy market. This financing will enable R.Power to further expand its solar energy footprint in Poland, contributing to the country's renewable energy targets. The deal underscores the increasing confidence of Polish commercial lenders in the viability and profitability of solar projects.
The financing agreement between R.Power and Bank Millenium SA highlights the ongoing investment in solar infrastructure within Poland. This transaction is a positive signal for other developers looking to secure financing for renewable energy projects in the region. The size of the portfolio, at 70.5 MWp, represents a significant contribution to Poland's solar capacity and reinforces the country's commitment to diversifying its energy mix.
- R.Power secures PLN181 million in project financing.
- Bank Millenium SA acts as the lender, demonstrating confidence in solar projects.
- The financing supports a 70.5 MWp solar PV portfolio in Poland.
- The deal contributes to Poland's renewable energy goals.
Market Context: Poland's renewable energy sector, particularly solar, is experiencing significant growth driven by government policies, decreasing technology costs, and increasing demand for clean energy. Project financing is crucial for developers to realize these projects and contribute to the country's energy transition.
Source Intelligence
KEY DETAILS
The PLN181 million is equivalent to around 43 million euros. "R.Power has built a demonstrable track record in the debt markets, earning the backing of multiple respected banks and institutions across Europe" said Michał Swół, R.Power's Chief Investment Officer.
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Deal Size
R.Power secures €43 million project financing for photovoltaic projects in Poland
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Capacity
for a 70.5 MWp PV portfolio in Poland
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Location
for a 70.5 MWp PV portfolio in Poland.
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PPA Details
Portfolio revenues are secured through a mix of Contracts for Difference (CfDs) and a recently announced 470 GWh Power Purchase Agreement (PPA).
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Announcement
Monday, 23 February 2026
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COD
with the balance to be constructed and commissioned by the end of 2026.
PARTIES MENTIONED IN SOURCE
R
R.Power
developer
"European Independent Power Producer (IPP) R.Power has secured PLN181 million (around 43 million euros) of project financing"
B
Bank Millenium SA
lender
"with Polish commercial lender Bank Millenium SA for a 70.5 MWp PV portfolio in Poland."
high quality
Enriched Feb 23, 2026
Timeline
Announced
Feb 23, 2026
Signed
Closed
Counterparts (2)
Market Context
This deal is part of the Solar sector in Poland.
473
Solar deals
48
deals in Poland
1 of 452 Solar deals tracked this month · Updated daily