R. Power and Eiffel Investment Group signed a financing agreement worth EUR 30 million
R.Power Investment Group (a subsidiary of R.Power) and Eiffel Investment Group have entered into a financing agreement for up to €30 million, with an option to increase the amount of the agreement to €40 million, for a period of up to 18 months, the company said.
The funds raised will allow R.Power Group to finance further dynamic development in foreign markets. They will be used to implement photovoltaic projects in EU countries, including Portugal, Italy and Poland. In addition, they will help strengthen the company's position as a fully integrated regional player in the renewable energy market, it was announced.
The financing was provided from bridge financing funds managed by a French investor.
R.Power says it is the largest company in the photovoltaic sector in Poland. In addition to Poland, R.Power is developing photovoltaic projects in Portugal, Italy and Spain. R.Power is active in the entire PV market value chain - developing power plant projects, building them, as well as providing management, maintenance and operation services for photovoltaic power plants.
Source: R.Power and ISBnews