CLARITAS receives another bridge financing facility for 25 new projects located in Poland benefitting from the November 2018 auction. The projects have already started construction and will be completed until Q1 2020. Capcora, a consulting firm specialized on real assets, again was accompanying CLARITAS as financial advisor on the structuring and debt sourcing.
CLARITAS increases its footprint in Poland PV market. The new portfolio, to be built until end of Q1 2020, consists of 25 photovoltaic ground-mounted systems with a capacity up to 1 MW each. The portfolio benefits from a 15-year “Contract-for-Differences” from the November 2018 auction. The deadline for the completion of projects from the November 2018 auction was extended earlier this year to November 2020.
“We are happy to capitalise on our next PV portfolio in Poland. Bridge financing is a core element in our business strategy and enables us to fund the construction while optimizing the exit channels in parallel,” said Bekir Sami Acar, Managing Director of Claritas Investments. “It is a great achievement to secure another financing of this type within only 4 months. We are proud to see our portfolio increasing with the help of Capcora,” quoted Mariusz Adamczewski, Managing Director of CLARITAS Poland Energy BV.
About Claritas Poland Energy BV
CLARITAS Poland is a subsidiary of CLARITAS Investments BV. CLARITAS Investments is a private equity backed cleantech investment platform developing projects across CEE region. (www.claritas-investment.com)
With its strong local presence, CLARITAS Poland originates early-stage projects from the fragmented market and turns them into high-quality investable assets for institutional investors. CLARITAS Poland currently holds a portfolio over 50 MW under-construction and ready-to-build solar projects and another 150 MW under development for the next auctions.