GoldenPeaks Capital and AB CarVal (an established global credit fund and part of AllianceBernstein’s Private Alternatives business) have signed a bespoke junior financing facility. And GoldenPeaks Capital, which is one of the fastest growing independent power producers in Eastern Europe, will use these funds to finance further acquisition and construction of Ready-to-Build solar photovoltaic assets in Poland.
The flexible HoldCo debt facility enables GoldenPeaks Capital to accelerate the buildout of its portfolio by bridging the financing needed to acquire projects and fund their construction equity before attracting senior project finance debt. The facility has already paved the way for the acquisition of several solar PV projects across Poland with an aggregate capacity of more than 220 MW.
This financing is an important part of GoldenPeaks Capital’s plan to build more than 1 GW of solar capacity in Poland annually.
AB CarVal is a global alternative investment manager and part of AllianceBernstein’s Private Alternatives business. And since 1987, AB CarVal’s team has navigated through various credit market cycles, opportunistically investing $149 billion in 5,765 transactions across 82 countries.
KEY QUOTES:
“This transaction marks another significant milestone in our goal to further accelerate Poland’s path towards decarbonization.”
– Daniel Tain, President of GoldenPeaks Capital
“We are delighted to work in partnership with GoldenPeaks Capital to support the global energy transition through our flexible financing solutions.”
– Jonathan Hunt, Managing Director of AB CarVal
