Project Finance Brief: SUNfarming Secures $53 Million for Solar Projects in Poland
Scatec sells 42% stake in 258 MW Upington Solar Project
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SUNfarming, a solar project developer and installer through its independent power producer SUN IPP, secured €50 million (~$54 million) to construct 231 MW solar projects in Poland. The mezzanine capital is being extended as subordinated loan by Hansainvest Real Assets, the Hamburg-based investment firm. The euro-denominated mezzanine financing has a term of as much as 20 years.
