GoldenPeaks Capital has secured financing for a 64.5 MWp PV portfolio in northeast Hungary, which includes two projects under construction. The financing was obtained from Erste Group, Erste Bank Hungary, and Schelcher Prince Gestion, with Capcora as the financial advisor. The senior loan is split between Erste Group and Erste Bank Hungary, while the junior financing is subordinated at the HoldCo level. The financing structure features a releveraging mechanism that allows for downsizing once PPAs are signed, and involved multiple advisors including Dentons, CMS, DLA Piper, Ganado Advocates, and DNV.
Hungary’s solar projects get financial backing
GoldenPeaks Capital’s Hungarian solar projects receive financial backing from major European banks. (Image Credit: GoldenPeaks)
The dual-use project integrates agriculture under solar panels and floating aquaculture with energy storage. (Image Source: PRNewswire)
The Horsham project combines solar and battery storage, supporting grid stability and peak demand management. (Image Credit/Source: Atimedia/Pixabay)
The 20 MW solar project actively supports Eramet’s SBTi roadmap and climate goals. (Image Source: SolarPanal/Pixabay)
Sherco Solar is the Upper Midwest’s largest solar project, set to power 150,000 homes when fully operational. (Image Source: Xcel Energy)