Roedl & Partner, working with Bird & Bird, has advised Sunfarming on expanding its partnership with Hansainvest through a EUR 50 million mezzanine financing for 231 Polish photovoltaic projects. Dentons, working with Baker Tilly, advised Hansainvest on providing the financing.
Sunfarming, founded in 2004 and based in Erkner near Berlin, is a solar energy equipment supplier.
Hansainvest, part of the Signal Iduna Group, is an asset and investment management company that manages office, retail, hotel, logistics, and residential properties in 24 countries.
According to Capcora, Sunfarming’s financial advisor, the cooperation agreement stipulates Hansainvest providing a 20-year mezzanine EUR 50 million loan for 231 Polish solar PV projects with a volume of approximately 257 megawatts. A first tranche of EUR 12 million will be used to refinance a portfolio of 50 solar plants producing 48 megawatts of power.
According to Baker Tilly, "Hansainvest is thus expanding its position in the field of renewable energies, investing in Poland for the first time. The company already manages a volume of EUR 1.9 billion in the field of renewable energies and infrastructure."
The Baker Tilly team included Partners Heinrich Thiele and Jens Suhrbier and Manager Nico Schueller.