Sun Investment Group secures €32.5m for Polish solar portfolio
USD32.5M
Deal Value
59 MW
Capacity
construction
Stage
Sun Investment Group (SIG) has secured €32.5 million in financing from NORD/LB to support the construction of a 59MW portfolio of 32 solar farms in Poland. NORD/LB acted as the sole lender, with Capcora serving as financial advisor. The solar farms are expected to come online in 2026 and 2027 and will benefit from Poland’s Contracts for Difference (CfD) support scheme, ensuring a steady revenue stream for up to 15 years. The financing supports Poland's ambitious renewable energy targets.
Deal Analysis
Sun Investment Group's (SIG) successful acquisition of €32.5 million in financing from NORD/LB for its 59MW Polish solar portfolio underscores the continued investment appetite for renewable energy projects in Poland. The financing will support the construction of 32 solar farms, expected to come online in 2026 and 2027, contributing to Poland's renewable energy targets. NORD/LB acted as the sole lender, demonstrating their commitment to supporting the energy transition, while Capcora served as financial advisor, leveraging their expertise in renewable energy financing. The involvement of Dentons and Norton Rose Fulbright as legal advisors further solidifies the deal's credibility.
The deal's reliance on Poland's Contracts for Difference (CfD) support scheme is a key factor, providing a stable revenue stream for up to 15 years and mitigating investment risk. This structure is crucial for attracting financing in the renewable energy sector. The project's scale, while not massive, is significant within the Polish context and highlights the ongoing development of distributed solar generation. The financing demonstrates the confidence of lenders in the Polish solar market and the viability of projects supported by the CfD scheme.
- €32.5 million financing secured by Sun Investment Group for a 59MW Polish solar portfolio.
- NORD/LB acted as the sole lender, demonstrating their commitment to renewable energy financing.
- The project benefits from Poland's Contracts for Difference (CfD) support scheme, ensuring revenue stability.
- Capcora served as financial advisor, leveraging their expertise in the renewable energy sector.
Market Context: Poland is actively pursuing renewable energy development to meet EU targets and reduce reliance on fossil fuels. The solar sector is experiencing significant growth, driven by government support schemes like CfDs and decreasing technology costs. This deal reflects the ongoing trend of international investment in Polish renewable energy projects.
Counterparts (5)
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
Global Infrastructure Sherpa