May 17, 2024 16:01 GMT
German Firm Eyes 40MW Polish PV project
POWER
German solar developer Sunfarming will build 43 solar projects across Poland, with a combined capacity of 40MW, after securing refinancing funds, according to RenewablesNow.
- Construction works on the solar farms, which have an average size of 1MW, are expected to be finalised by the end of 2024.
- The power plants entered into a 15-year Contract for Difference in a 2020 solar auction held by Poland’s Energy Regulatory Office URE.
- Sunfarming secured about €27.6mn of refinancing funds from Poland’s PKO Bank Polski.
- The firm has a 140MW portfolio of operational and ready-to-build solar projects in Poland.
- Early last year, the company entered into a €50mn financing agreement to build 257MW of PV capacity in the country.
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