En De
En De

GoldenPeaks Capital

Loan
2024 Poland

GoldenPeaks Capital

Loan
2024 Poland

PCP Transition is pleased to announce the close of a tailored financing which will support renewable energy developer and operator, GoldenPeaks Capital (“GPC”), and the continued build out of their renewable energy business in Poland.

The financing will fund the construction of a circa 90 MWp solar PV portfolio across two sites and support GPC in reaching their 2024 target of 1 GW of additional solar PV build out in Poland.

Construction will commence in early 2024 and the portfolio is expected to be fully operational and contributing to Poland’s net-zero targets within the year.

“We view this facility with GPC as the start of a long term partnership between our two companies as we work together to accelerate the decarbonization of one of the most carbon intensive power systems in Europe. Our facility is tailored to GPC’s specific needs and caters for the recycling of funds for future project construction financing, supporting a continuation of GPC’s impressive growth trajectory in Poland”, Douglas Thomson, Investment Director at PCP Transition

The transaction adds to PCP Transition’s diversified portfolio of investments in the European energy and sustainability transition.

“We are delighted to start this partnership to further support the growth of our solar platform in Poland. PCP Transition has demonstrated a deep understanding of our financing needs from the beginning of the transaction process and we are looking forward to a continuous dialog and follow-on financings.” Daniel Tain, Co-founder and President of GoldenPeaks Capital.

www.goldenpeakscapital.com

April, 2024