GoldenPeaks lands financing from AB CarVal for Polish solar expansion

GoldenPeaks Capital has secured a junior financing facility from US alternative investment manager AB CarVal to accelerate its expansion in the Polish solar energy market.

AB CarVal is providing a flexible HoldCo debt facility, which GoldenPeaks Capital will use to finance further acquisition and construction of ready-to-build solar photovoltaic projects in Poland, GoldenPeaks said on Friday.

The facility will enable the green energy firm to bridge the financing needs to acquire projects and fund their construction equity before it can attract senior project finance debt. The value of the financing deal was not disclosed.

The funds have already been allocated to purchase several solar projects totalling over 220 MW across Poland.

GoldenPeaks Capital, which focuses on the Central and Eastern European renewable energy markets, plans to build more than 1 GW of solar capacity annually in Poland.

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