PAD RES Group, a Poland-based renewable energy developer, has obtained PLN 637 million (~$ 176.02 million) in financing from Santander Bank Polska, Bank Millennium, and UniCredit Polska. The funds were allocated to refinance incurred capital expenditures and support operational financing for nine photovoltaic farms with a combined installed capacity of 310 MW. The financed assets had an estimated annual electricity production of about 329000 MWh. The photovoltaic farms covered by the agreement were expected to meet the electricity demand of nearly 110 000 households.