GoldenPeaks Capital (GPC), one of Europe’s fastest-growing independent renewable energy producers, has secured a EUR 114 million senior loan facility to finance the construction of two new solar photovoltaic (PV) portfolios in Poland. The financing was jointly provided by PKO Bank Polski and Alior Bank, with Capcora serving as the exclusive financial advisor to GPC.
The deal marks GoldenPeaks Capital’s thirteenth solar portfolio construction financing in Poland, reinforcing the company’s leadership as a major independent power producer (IPP) in the Central and Eastern European renewable energy market.
The solar projects are organized into two portfolios, each supported by a long-term corporate Power Purchase Agreement (PPA). The funding package also includes capital for direct current (DC) capacity upscaling, contingent on completion of the permitting process. The transaction introduces Alior Bank as a new financial partner for GPC, while PKO Bank Polski continues its ongoing collaboration with the company through a significant financing contribution.
The financing supports Poland’s accelerating transition toward clean energy and demonstrates the growing role of local and international banks in funding large-scale renewable energy initiatives.
Support: Addleshaw Goddard acted as legal counsel to the lenders, while Greenberg Traurig and Clyde & Co represented GoldenPeaks Capital.
KEY QUOTES:
“As a new banking partner for GoldenPeaks Capital, we are committed to providing innovative financial solutions and supporting their growth ambitions with tailored banking services. We are happy to be part of this transaction.”
Anna Trochim, Head of Structured Finance, Alior Bank
“We are proud to continue our cooperation with GoldenPeaks Capital through a substantial financing share in this club deal. Beyond this, the transaction will enable a vast amount of new clean energy capacity and contribute to Poland’s renewable energy transition.”
Adam Kosmala, Head of Structured Finance Bureau, PKO Bank Polski
“GoldenPeaks continues to be the leading IPP of renewable energy in Poland, which remains our core market. This transaction demonstrates our continued strong cooperation with local leading banks and strong international institutions on this journey.”
Daniel Tain, President and Founder, GoldenPeaks Capital
“This financing marks the third successful transaction between GoldenPeaks Capital and Capcora and represents a large-scale, complex financing involving multiple smaller projects under a single structure. This deal showcases our continued partnership with GoldenPeaks Capital and highlights the value of local bank club financing structures.”
Alexander Enrique Kuhn, Managing Partner, Capcora
