Capcora GmbH
SUNfarming acquires further projects in Poland
DGAP-News: Capcora GmbH
/ Key word(s): Financing
SUNfarming Group is expanding its Polish portfolio by a total of 60 MWp by the end of 2021. The total of 48 solar projects were acquired from various Polish developers, some of whom SUNfarming has already worked with in the past. The largest transaction comprises a project portfolio with approx. 37 MWp, for its construction financing SUNfarming was able to gain a new financing partner with the help of Capcora. SUNfarming has already been able to secure the construction phase financing for all projects in order to ensure that the projects can be implemented in a timely manner. In this context, SUNfarming was partly able to draw on its existing bridge financing line of EUR 35 million or to expand the financing framework with existing partners. For the largest acquisition, SUNfarming used the credit of a new partner. This challenging transaction was completed in less than 6 weeks. “Thanks to a good and professional cooperation with our advisors, we were able to acquire three portfolios from different sellers in December 2021 alone, while securing financing from three different lending institutions. We would like to thank our existing and also new financing partners for their trust and look forward to the realisation of the projects in 2022,” Anna Pilarczyk-Naprawski, Managing Director Poland of the SUNfarming Group, is pleased to say. “2021 was one of the most successful years in our company’s history. Especially our Polish business is booming. We entered the market about 6 years ago and are happy to see that the hard work of the last years is bearing fruit. With the latest acquisitions, our portfolio has grown to almost 145 MWp and the target of 200 MWp by 2023 is now within reach,” continues Martin Tauschke, Managing Director and co-partner of the SUNfarming Group. SUNfarming was supported in the transactions by Rödl&Partner (M&A, due diligence) and Bird&Bird (financing) as legal advisors and by Capcora as financial advisor. About SUNfarming
17.01.2022 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |