- SIG has secured a debt facility of an undisclosed amount for its 1.97 GW solar PV pipeline
- This mid- to late-stage portfolio in Poland is made up of 323 individual projects
- It includes 1.12 GW of mid-stage and 750 MW of early-stage facilities
European renewable energy company Sun Investment Group (SIG) has secured a debt facility from an unidentified international debt fund to support its development pipeline of close to 2 GW.
This pipeline of 1.97 GW includes 323 individual projects ranging from 1 MW to 120 MW at mid to late stage. It comprises 100 MW at the ready-to-build (RTB) stage. The portfolio also includes 1.12 GW of mid-stage and 750 MW of early-stage projects.
“This diverse portfolio, together with additional 190 MW of RTB projects in other portfolios in this market, solidifies SIG’s role as a key player in Poland’s renewable energy sector amongst other countries in Europe,” said SIG’s financial advisor Capcora.
SIG says this debt facility will advance the realization of its business plan in the coming years, including in Poland as it called the country one of the most attractive arenas for investors and lenders in Europe.
Poland’s total installed solar PV capacity at the end of 2023 exceeded 17 GW. Under its Energy Policy of Poland until 2040, Poland plans to grow its solar PV capacity to 45 GW by 2040 (see Solar’s Share Improves In Poland’s PEP 2040).
