4 December 2024
We are pleased to announce that we advised Projekt Solartechnik S.A. (“Projekt Solartechnik“) in connection with obtaining funding from the Polish Development Fund (the “PFR“) to finance and refinance the construction costs of photovoltaic farms with a total capacity of approximately 40 MW in the amount of PLN 82.5 million.
The transaction covers photovoltaic installations that are located in 12 voivodeships in Poland, and more than half of them are already in the construction phase.
This is the second round offinancial support obtained by Projekt Solartechnik from the PFR. In June 2023, the PFR provided a loan to finance the construction costs of 26 photovoltaic farms with a total capacity of 43.09 MW – in respect of which we also had the pleasure of acting as Projekt Solartechnik’s advisor.
Projekt Solartechnik is a company with several years of international experience. Present in Poland since 2012, it specialises in photovoltaic power plants, industrial energy and wind farms. It develops, designs, builds, launches and services RES projects. PST TRADE, a company in the Projekt Solartechnik group, deals with energy trading and offers the possibility to purchase photovoltaic and wind projects at the RtB and pre-RtB stages, finished PV farms, as well as green energy under the c/PPA formula.
The Polish Development Fund is a group of financial and advisory institutions offering support in financing, innovation development and foreign expansion to business entities, local governments and individuals. Through investments, the Fund supports the sustainable social and economic development of Poland.
Advice on the project was provided by a team of advisors from the Banking & Finance practice, led by Dr Jakub Rachwol (a partner co-managing the practice), consisting of Filip Książczak (associate) and Augustyna Porzucek (associate).
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