GoldenPeaks Capital has secured a €35 million ($422 million) bridge facility from Eiffel Investment Group to support the ongoing expansion of its Polish solar PV portfolio.
Eiffel Energy Transition Fund and Eiffel Energy Transition Fund II subscribed to the bonds through a private offering. These are both closed-ended funds that are closed to new subscriptions and strictly reserved for institutional investors.
The proceeds from the bonds enable GoldenPeaks Capital to accelerate the early construction work for its PV projects located in Poland. The facility will be first used for projects Alpha and Charlie that will have a total capacity of between 150 megawatts and 200 megawatts. The facility will then be recycled into other projects.
The framework agreement that was signed between GoldenPeaks Capital and the Eiffel funds permits future proceeds to be allocated toward GoldenPeaks Capital’s nascent Hungarian portfolio. The first projects are expected to be en
