Key Takeaways
- Sector: Energy Infrastructure & Renewables.
- Geography: Poland.
Analysis
Qair Polska has secured PLN 575 million (€135 million) in debt financing from Brookfield Asset Management, marking the largest project financing in the company's history.
The six-year agreement will enable Qair to acquire the Rzepin and Linowo wind farms, totaling 106 MW, refinance existing mezzanine debt from 2021, and further develop its renewable energy operations in Poland.
Key Highlights:
- Strategic Partnership: Brookfield becomes Qair Polska's largest financial partner, reflecting the company's growth and appeal to global investors.
- Project Expansion: The financing supports the acquisition of wind farms and the development of additional renewable energy projects, including solar and energy storage.
- Operational Portfolio: Qair Polska's current portfolio includes 88 projects across eight Polish provinces, with over 530 MW of operational capacity.
- Growth Targets: The company aims to achieve 1 GW of installed capacity by 2027 and 3 GW by 2030, aligning with Poland's energy transition goals.
Damian Bąbka, CFO of Qair Polska, stated, "Securing this international partner at such a scale is a result of our team's efforts to enhance the profitability of our operational assets since our initial collaboration with Brookfield in 2021."
Tomasz Kozica, Head of Corporate and Project Finance at Qair Polska, added, "The long-term cooperation with Brookfield will positively impact our further development and the implementation of our strategy."
Mickael Deligny, Senior Vice President at Brookfield, commented, "We are pleased to continue our long-term cooperation with Qair, offering dedicated and significant financing for their operations in Poland. This transaction underscores the strength of our financial partnership and shared ambitions for further growth."