Revolving Credit Facility contracted with DNB Bank and mBank will accelerate the completion of renewable energy projects under development in Poland.
Greenvolt Power, the subsidiary of the Greenvolt Group for large-scale renewable energy projects, has agreed with DNB Bank and mBank a Revolving Credit Facility (RCF) totalling €90 million.
This financing, with a three and a half years duration, will accelerate the completion of renewable energy projects under development in Poland, a market responsible for almost half of the Greenvolt Group’s pipeline.
“We are very pleased with the work carried out between the Greenvolt Group, DNB Bank and mBank’s great teams to close this pioneering financing operation in the Polish financial space”, says Adrian Góralski, Director, M&A and Project Finance at Greenvolt Power.
João Manso Neto, CEO of the Greenvolt Group, states that “this RCF is an important lever since allows Greenvolt Power to accelerate the development of the numerous projects underway in Poland and, at the same time, ensures the necessary flexibility for a faster execution of the asset rotation strategy presented to our investors”.
