Business Fuel & Energy Paid
Two banks to finance PLN 350 mln photovoltaic project
21:39
Santander Bank Polska and mBank have signed a contract worth PLN 350 million (€79 million) to finance the solar power plant project developed by R.Power, Polish investor and developer of photovoltaic systems. Financing will be allocated for the construction of 128 solar power plants with a total capacity of 121 MWp, which won last year's RES auctions.
The transaction is the largest financing of solar projects in Poland so far, and each bank has a 50% share in the transaction.
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