GoldenPeaks lands financing from AB CarVal for Polish solar expansion

Private equity firm AB CarVal has provided GoldenPeaks Capital with a €17m loan to support the Polish solar developer's expansion.

The financing will be used to fund GoldenPeaks' development pipeline of solar projects in Poland, which currently totals over 300MW.

GoldenPeaks is a leading solar developer in Poland, with a track record of successfully developing and operating solar projects. The company has a strong pipeline of projects in development, and is well-positioned to capitalise on the growing demand for solar power in Poland.

AB CarVal is a private equity firm that specialises in investing in distressed assets and special situations. The firm has a strong track record of investing in the renewable energy sector, and is well-positioned to support GoldenPeaks' growth plans.

The financing from AB CarVal will allow GoldenPeaks to accelerate its expansion in Poland. The company is targeting to have over 1GW of solar projects in operation by 2025.

The Polish solar market is growing rapidly, driven by the government's ambitious renewable energy targets. The country has set a target of generating 32% of its electricity from renewable sources by 2030, and solar power is expected to play a major role in meeting this target.

GoldenPeaks is well-positioned to capitalise on the growth in the Polish solar market. The company has a strong team with a proven track record of success, and is backed by a financial partner with a strong track record in the renewable energy sector.