R.Power to Receive a Syndicated Bank Loan of EUR 53 Million to Construct 91 MWp of Solar Photovoltaic (PV) Projects in Poland
/27th July 2021, by Renewable Market Watch™/
The well-established Polish solar project developer R.Power announced that it would receive a Syndicated Bank Loan of approximately EUR 53 Million to construct 91 MWp of Solar Photovoltaic (PV) Projects in Poland. BNP Paribas Bank Polska and Santander Bank Polska signed the financing agreement with R.Power, and these two banks will split the loan amount equally. The company will use the loan to build seven solar photovoltaic (PV) power plants in Poland. These solar projects are part of the 299 MW portfolio that R.Power won on Polish RES auctions earlier this year.
Since the establishment of the company in 2010, it has been dynamically expanding operations. Today, R.Power is present throughout Poland and Italy, Portugal, Spain, the Netherlands, and Germany. At the beginning of June 2021, the company announced its €225m green bond plan placed through German-owned Polish lender Mbank to finance the planned 4 GW solar projects portfolio under development by 2025.
About R.Power
R.Power is one of the most experienced entities developing solar farm projects in Europe. The portfolio of the R.Power Group already includes over 2 000 projects. Also, R.Power is one of the fastest-growing companies on the European market of large-scale solar energy.
The more information and answers to your questions about the Polish and European Solar Power market and related content you may read here: Europe Solar Photovoltaic (PV) Power Market Outlook 2021 ÷ 2030
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