, October 6, 2025
News Summary
A bank loan package of up to approximately PLN 176 million has been arranged to finance the construction of a 72-site portfolio of photovoltaic farms across Poland, with a combined connection capacity of about 75 MW. The financing was provided by PKO Bank Polski and supported by legal advisory from an international law firm, including ISDA hedging documentation and full legal due diligence. The funding covers construction-phase needs, permits and grid-connection milestones for a Danish developer. The deal reflects market shifts toward larger ground-mounted projects, curtailment risks, and growing interest in storage and hedging solutions.
Major loan cleared for 72 solar farms in Poland — roughly 75 MW portfolio backed with up to PLN 176 million
A large financing package has been arranged to support the construction of a portfolio of 72 photovoltaic farms across Poland, with a combined connection capacity of roughly 75 MW. The loan facility, for up to approximately PLN 176 million, was provided by a major Polish bank and advised by a global law firm on the lender side. The borrower is a Danish investor and developer active in European PV and battery storage projects.
Key transaction details
The financing will fund construction and related works for 72 separate PV sites located throughout Poland. The lender received comprehensive legal support covering preparation, negotiation and signing of the financial documents, as well as financial hedging and investment due diligence. Hedge documentation under ISDA arrangements was prepared as part of the transaction work.
Advisers and transaction teams
The law firm advising the lender handled both finance and project-related legal work. The banking and finance effort was supervised by the firm’s partner overseeing that practice, with counsel taking the lead on transaction drafting and hedging documentation. Project due diligence and on-the-ground aspects were supervised by the partner who co-heads the firm’s Energy and Natural Resources practice in Warsaw. Several senior and junior lawyers supported the deal across finance, hedging and technical project work.
The bank’s in-house financing team on the deal consisted of four named professionals. The developer-investor’s transaction team included four in-house members covering development, technical and commercial matters.
Why this deal matters
The package is an example of continued investor interest in utility-scale solar in Poland as capacity grows. The portfolio’s size and the lender’s structured support reflect a broader market shift toward larger projects and a rising role for developers that combine PV with battery energy storage systems.
Poland market context
National figures show solar capacity in Poland approaching 22 GW by the end of the first quarter of 2025, with roughly 21,994 MW reported. Growth in the quarter added about 637 MW. The market structure is changing: the share of very small rooftop systems has fallen while the share of farms above 1 MW has risen sharply, moving from about 11% to 20% in one quarter. There are thousands of projects with issued grid connection conditions and many hundreds that already have connection agreements or valid building permits.
The market faces operational challenges such as the growing use of PV curtailments, which has become a regular balancing tool in some areas. Falling profile prices for solar on the energy market are affecting project returns and slowing new project development. Analysts recommend combining solar with flexible consumers like heating systems, adopting dynamic tariffs and pursuing hybrid projects that include wind and battery storage to maintain momentum in the energy transition.
Transaction mechanics and next steps
The financing covers construction and grid connection activities and is intended to move the 72 projects into build and commissioning phases. Parallel work included legal due diligence on each project, preparation of security documents, and hedging agreements to manage market risk. Project teams on both sides will continue to coordinate grid connection, permitting and construction sequencing.
The law firm’s announcement includes a corporate tagline that summarizes its approach to global transactions: Redefining possibilities. Together, everywhere. Contact points for deal enquiries were provided within the advisory firm’s Warsaw office.
What this means for the sector
Large-scale project financing of this kind signals that institutional lenders remain prepared to back portfolios of medium-size solar farms when structured risk mitigation is in place. The deal also underscores the growing role of developers that bring combined PV and storage expertise to market, a trend likely to continue as the grid adapts to rising solar shares.
FAQ
What is the size and purpose of the financing?
The financing is for up to approximately PLN 176 million and is intended to fund construction and related works for a portfolio of 72 photovoltaic farms across Poland with a combined connection capacity of about 75 MW.
Who are the parties involved?
The lender is a major Polish bank. The borrower is a Danish investor and developer active in European PV and battery storage projects. A global law firm advised the lender on finance, hedging and project due diligence.
What legal and financial work was carried out?
Legal advisers prepared and negotiated financial documentation, prepared ISDA hedging documentation, and conducted legal due diligence on the investment and project-related matters.
How does the deal fit into the Polish solar market?
The deal aligns with a market trend toward larger ground-mounted solar farms. Poland’s national solar capacity neared 22 GW by the end of Q1 2025, with a growing share of projects above 1 MW and increased use of curtailments as a balancing tool.
Will this speed up construction of the projects?
The financing is intended to move projects into construction and commissioning phases. Ongoing coordination will be needed for permits, grid connections and construction sequencing.
Where can I get more information?
The transaction announcement included contact details for advisers and in-house teams; readers can use those direct contacts for further queries.
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Key features at a glance
| Feature | Detail |
|---|---|
| Financing amount | Up to approximately PLN 176 million |
| Number of PV farms | 72 sites across Poland |
| Total connection capacity | About 75 MW |
| Lender | Major Polish bank (in-house financing team involved) |
| Borrower / Developer | Danish investor and developer of PV and BESS projects in Europe |
| Legal adviser to lender | Global law firm providing banking, hedging and project due diligence |
| Scope of legal work | Preparation, negotiation and signing of financial documents; ISDA hedging documentation; legal due diligence |
| Poland solar market context | National capacity near 22 GW by end-Q1 2025; shift toward larger projects and growing use of curtailment |
Deeper Dive: News & Info About This Topic
Additional Resources
- Renewables Now: PGE gets financing for 40 MW of solar projects in Poland
- Wikipedia: Solar power in Poland
- pv magazine: Poland added 637 MW of solar during Q1
- Google Search: Poland solar Q1 2025
- Renewables Now: ib vogt refinances 175 MWp solar park duo in Poland
- Google Scholar: IB Vogt Poland solar refinancing
- pv magazine: Poland deploys 4 GW of PV in 2024
- Encyclopedia Britannica: Renewable energy in Poland
- pv magazine: Poland allocates record budget for home solar & storage rebate scheme
- Google News: Poland home solar storage rebate 2025
Author: Construction CA News
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