GoldenPeaks Capital provides a financing framework from funds managed by AB CarVal

WARSAW, Poland- GoldenPeaks Capital and AB CarVal, an established global credit fund and part of Alliancebernstein’s Private Alternatives business, have signed a unique junior financing facility.

GoldenPeaks Capital, one of the fastest growing independent power producers in Eastern Europe, will use the funds to finance the further acquisition and construction of solar photovoltaic assets in Poland.

With HoldCo’s flexible debt facility, GoldenPeaks Capital can accelerate the construction of its portfolio by bridging the acquisition financing needs of projects and financing their construction capital prior to the collection of project finance debt.

This framework already enabled the acquisition of solar projects with a total capacity of more than 220 MW in Poland.

The financing is an important part of GoldenPeaks Capital’s plan to build more than 1 GW of solar capacity annually in Poland.

Daniel Tain, Chairman of GoldenPeaks Capital, said: “This transaction represents another significant milestone in our goal to further accelerate Poland’s path towards decarbonisation.”

Jonathan Hunt, Managing Director of AB CarVal, said : “We are very pleased to be able to support the global energy transition with our flexible financing solutions in cooperation with GoldenPeaks Capital.”

What you should know about AB CarVal

AB CarVal is an established global alternative investment manager and part of AllianceBernstein’s Private Alternatives business. Since 1987, AB CarVal’s team has navigated ever-changing credit market cycles and to date has opportunistically invested $149 billion in 5,765 transactions in 82 countries. Today, AB CarVal has approximately $16 billion* of assets in corporate securities, loan portfolios, structured loans and fixed assets. AB CarVal has so far invested more than 5.5 billion dollars in energy transition investments. For more information, visit abcarval.com.

*Assets under management (AUM) consist of fee-paying assets and fee-based assets. The instruments entitled to payment of fees include the instruments that are currently capable of generating management fees. Fee-based instruments include capital that is linked to an AB CarVal Fund, but is currently non-callable or irrevocable capital. The figure presented here does not include assets managed by AB CarVal that do not generate a management fee due to the expiry of the Fund, but includes those amounts that do not generate a management fee solely because AB CarVal decided not to charge handling fee.

What you should know about GoldenPeaks Capital

GoldenPeaks Capital is a company specializing in the construction and operation of solar systems, which has more than 15 years of experience in the global structuring of energy projects, and is one of the largest photovoltaic system owners in Poland and Hungary. GoldenPeaks Capital continues to accelerate the transformation of the Eastern European renewable energy industry by seamlessly integrating all GPC sectors such as manufacturing, project development and planning, financing and structuring, supply chain management, construction and commissioning, asset management, and commercial and energy sales, while ensuring an invaluable alignment of methodology, ethics and goals.

GoldenPeaks Capital Legal Statement:

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