One of the Largest Onshore Wind Projects in Poland Enters Construction
RP Global has closed a $198.6 million (€174 million) unitranche financing facility for its 123.9 MW Wałcz wind farm in Poland, marking the financial close of one of the country’s largest onshore wind projects in recent years. The facility was arranged by Eiffel Investment Group and provided together with co-lender Banco Santander, placing it among the largest debt transactions for a greenfield onshore wind development in Poland.
According to Jorge Rodriguez, CFO of RP Global, “This financing is one of the most important closings in the Polish onshore market since the 10H rule was introduced, and we are proud to be backed by an investment powerhouse like Eiffel Investment Group.” He added, “We are following a merchant strategy for this financing, but we are also scouting the market for a PPA that will allow a long-term refinancing in a second phase.”
Alexis Sarton, Director at Eiffel Investment Group, said: “We are pleased to support RP Global in delivering the Wałcz wind farm, a landmark renewable energy project for Poland. This transaction reflects our strategy of investing in quality infrastructure assets contributing to energy transition and energy sovereignty in Europe. It also demonstrates our ability to provide large-scale and flexible financing solutions.”
The Wałcz wind farm is located in Wałcz County in the West Pomeranian Voivodeship in northwestern Poland. It has recently entered the construction phase and will consist of 21 Nordex N149 turbines, with completion planned for Q4 2027. It is RP Global’s sixth wind project under development in Poland, where the company has been active for nearly two decades.
Legal advisers on the transaction included Greenberg Traurig for RP Global, Clifford Chance for the lenders, and Wind Prospect providing technical due diligence.
Source: rp-global.com
