The financing package was secured through a structured process led by Capcora, which acted as the exclusive financial advisor to PAD RES in the transaction. The projects, ranging in size from 1 MW to 14 MW and spread across the country, will initially operate on an "all-commercial" basis, but PAD RES reserves the right to sell electricity generated under a power purchase agreement (PPA) in the future. All 14 photovoltaic projects will be completed by the end of 2024, while construction of the first ones has already begun.

"We are pleased to be working with RGREEN INVEST, which brings its expertise and financial support to our portfolio of photovoltaic projects in Poland," - Michal Pryca, CFO of PAD RES, said. "This financing represents an important step for us in fulfilling our mission to lead the transition to clean energy and contribute to a sustainable future for the country and its communities."