Sun Investment Group, a vertically integrated European renewable energy company, closed a €32.5 million (~$38 million) financing for a portfolio of solar projects in Poland. NORD/LB provided the construction bridge financing, including a VAT facility.
The portfolio comprises 32 ready-to-build projects with a combined capacity of 59 MWp, at various stages of development, including both ready-to-build and under-construction projects.
“Successfully arranging this financing package for this portfolio is an important step in strengthening Sun Investment Group’s position in the Polish market,” said Enrique Gomez de Priego Fernandez, COO at Sun Investment Group. “The projects’ readiness and the support from NORD/LB underline our capability to deliver high-quality renewable-energy projects efficiently.”
Of the portfolio, 28 projects will benefit from the contract-for-difference scheme, with the remaining 4 projects planned to be operated fully merchant. Capcora acted as the exclusive financial advisor in this transaction.
Christian Wolff, Director at NORD/LB, added, “We are pleased to support Sun Investment Group with a mini-perm facility. The projects represent well-structured opportunities in a growing market, and we value our ongoing collaboration.”
Sun Investment Group’s portfolio exceeds 3 GW, with almost 100 MW under construction and nearly 200 MW consisting of ready-to-build projects. To date, the company has developed, constructed, and sold over 200 MW of solar projects across the U.K., Poland, and Lithuania.
Additionally, Sun Investment Group has nearly 700 MW in Italy and expects to achieve 200 MW of ready-to-build projects by the end of 2026.
Large-scale solar project funding increased by 37% in 2025 compared with the funding raised in 2024, according to Mercom’s recently released Annual and Q4 2025 Solar Funding and M&A report.
In February, Swift Current Energy, a company that develops, commercializes, owns, and operates utility-scale solar, wind, and energy storage projects, secured tax equity financing and $248 million in project financing for its 122 MWdc (100 MWac) Three Rivers solar project in eastern Maine, located in Hancock County.
