Under the terms of the agreement, R.Power has secured long-term debt financing worth 75.5 million PLN and 26.7 million EUR, as well as auxiliary financing, including for VAT tax financing and a guarantee line to secure the obligations of the cPPA agreement. The legal advisor on the side of R.Power was CMS, and on the side of PKO Bank Polski - Dentons. The bank’s technical advisor was Wind Prospect. This marks yet another financial agreement concluded between the companies.
“The signed agreement not only represents a step forward in our cooperation but also confirms trust in our vision for development. Thanks to our partnership, we can continue the development of photovoltaic projects, contributing to the construction of an efficient energy infrastructure in Poland,” said Tomasz Sęk, COO and co-founder of R.Power.
PKO Bank Polski: Financially support the energy tranformation
“This is another R.Power company project that we are participating in financing. Such investments will increase the share of renewable energy in the national energy mix, which is beneficial for both the environment and the economy. Our role as a leader in the banking sector is to financially support the energy transformation, which still requires significant investments. This is one of the elements of PKO Bank Polski’s strategy that we emphasize,” said Marcin Majewski, Director of the Corporate Clients and Enterprises Relations Division at PKO Bank Polski.
Also intersting: €45 million joint loan for 16 solar power plants in Poland
To date, the R.Power Group has obtained a total amount of over one billion PLN in bank financing under the project finance formula for the construction of its own assets.(hcn)
