It was announced today that TAURON { $TPE (-0,39 %) ) Zielona Energia has signed a loan agreement for up to 227.1 million PLN to finance the construction of three photovoltaic farms and an energy storage facility.
This loan under the KPO Pogram ("National Plan for Reconstruction and Increasing Resilience") provide a very attractive interest rate at a reference rate of 2% and floor of 1% and the repayment will spread over 2032–2046.
This is another strong step in Tauron’s renewable energy expansion, backed by EU recovery funds. It provides excellent financing terms – significantly cheaper than market rates, thus improving project profitability. As well as a long grace period on repayments which gives the assets time to generate cash flow before principal kicks in.
Tauron continues to successfully tap into KPO funds, accelerating its green transformation with low-cost capital. which is a positive signal for execution on the group’s RES growth strategy.
