All projects were brought to ready-to-build stage by SETF portfolio company LGE, a joint venture between SUSI and leading Polish energy-as-a-service company Luneos, which was established in late 2021. Since then, LGE has built a pipeline of over 1 GW of solar PV and onshore wind projects and has now secured debt financing for a first tranche of projects. LGE continues to explore different route-to-market options for the remainder of the portfolio.
The successful process for a Euro-denominated, long-term senior financing for a fully merchant portfolio in Poland represents an achievement and at the same time represents maturing of the Polish renewables market. The process was further enabled by the strong attention paid by LGE to environmental and social risk factors, which includes a rigorous screening of supply chains to comply with SUSI’s responsible procurement requirements.
For more news and technical articles from the global renewable industry, read the latest issue of Energy Global magazine.
Energy Global's Winter 2023 issue
The Winter 2023 issue of Energy Global hosts an array of technical articles weather analysis, geothermal solutions, energy storage technology, and more. This issue also features a regional report looking at the future of renewables in North America, and a report from Théodore Reed-Martin, Editorial Assistant, Energy Global, on how Iceland utilises its unique geology for renewable energy.
