Energy investor GoldenPeaks bags EUR 20m for Polish renewables growth

Energy and real estate investment group GoldenPeaks Capital has secured EUR 20 million (USD 24.1m) from a green bond sale in Luxembourg that will help grow its renewable energy portfolio in Poland.

The green bond is trading on the Luxembourg stock exchange under the ticker symbol “GoldenPGBI.”

The offering, the first of its kind for the company, has received “significant attention” that reached a level of oversubscription, GoldenPeaks said on Thursday.

"We adopted a multi-cell structure for the initial bond and given the strong demand expect to launch further Green Bonds into the market in the near future,” the company's president, Daniel Tain, commented.

Presently, GoldenPeaks is building 86 solar parks of 1 MW each as part of Project Bravo, that should be brought online in the second quarter of this year. In addition, it has two recently-launched renewable energy projects, Alpha and Charlie, that are set to add between 150 MW and 200 MW of total solar capacity to its portfolio. Most of these will be 1-MW installations as well, utilising bi-facial solar panels.

In the pipeline, GoldenPeaks has close to 1 GW of projects under development.

(EUR 1.0 = USD 1.205)

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