GoldenPeaks Capital (GPC), an independent renewable energy power producer, closed a senior loan facility of €114 million (~$133 million) to finance the construction of two solar project portfolios located in Poland.
PKO Bank Polski and Alior Bank provided the financing, with Capcora serving as the exclusive financial advisor to GPC on the transaction.
The solar projects are grouped in two separate portfolios. All the projects will benefit from a long-term corporate power purchase agreement.
The project financing comprises funding for the direct current upscaling capacity of the portfolio projects, with additional funding to be provided upon finalization of the permitting process.
Alior Bank joined as a new banking partner with this transaction, while PKO Bank Polski returned as a lender. Addleshaw Goddard acted as legal advisors to the senior lenders, while Greenberg Traurig and Clyde & Co served as GoldenPeaks Capital’s advisors on the transaction.
“GoldenPeaks continues to be the leading IPP of renewable energy in Poland, which remains our core market. This transaction demonstrates our continued strong cooperation with local leading banks and strong international institutions on this journey,” said Daniel Tain, President and Founder at GoldenPeaks Capital.
Anna Trochim, Head of Structured Finance at Alior Bank, stated, “As a new banking partner for GoldenPeaks Capital, we are committed to providing innovative financial solutions and supporting their growth ambitions with tailored banking services. We are happy to be part of this transaction.”
In July 2024, the company secured €109 million (~$118.46 million) in financing across separate transactions for two large-scale solar project portfolios in Poland. Both portfolios, totaling 177 MW, are being developed by GoldenPeaks Capital.
According to Mercom’s 9M and Q3 2025 Solar Funding and M&A report, large-scale project funding increased by 43% in the first nine months of 2025 compared with the same period in 2024.
