Energy Central Professional


Green Genius Completes Project Financing of USD Million for Solar Park Portfolio in Poland

Marketline - Deals  


    Deal In Brief

    Green Genius has completed project financing of EUR22 million for the construction and development of solar park portfolio in Poland. The financing was provided by Berenburg Bank through The Berenberg Green Energy Junior Debt Funds. The combined installed capacity of the portfolio is 69 MW. The total cost of the portfolio is expected to be EUR59 million. The Investment per MW will be USD0.86 million

    The project consist of individual 1 MW, 5 MW or 8 MW PV plants spread across Poland. The portfolio will operate on a mix of 10-year PPAs, 4-year PPAs and the state-backed 15-year contract-for-difference (“CfD”) support mechanism ensuring stability of electricity pricing for the projects

    The project portfolio will be built with around 106,200 photovoltaic modules, which will produce enough energy to meet the electricity demand of around 24,200 homes. In addition, 49,490 tonnes of CO2 will be saved from emission into the atmosphere. The project helps Poland to become more independent from fossil fuels like coal, which is still the major source of Poland’s electricity generation.

    Deal Value (US$ Million) 22
    Deal Type Acquisition
    Sub-Category Asset Purchase
    Deal Status Completed: 2022-09-20

    Deal Participants

    Deal Rationale

    (Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Marketline shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon.)


Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.