pv

Germany

BayernLB finances RP Global’s 50 MWp PV project on former lignite mining site

RP Global has received bridge financing from BayernLB for its 50 MWp PV plant Harbke, RP Global’s first project in Germany, located on the spoil tip of a former lignite mining site on the East-West border between Saxony-Anhalt and Lower Saxony.    
Harbke. Courtesy of RP Global.
Harbke. Courtesy of RP Global.

Evergy provided RP Global with technical advisory for the deal, while Chatham acted as legal advisor. Watson Farley & Williams (WFW) advised BayernLB on the project financing.

“It was a great honour to accompany and advise RP Global on their first transaction in Germany” said Jan-Peter Müller, BayernLB’s global Head of Energy and Mobility. “Thank you very much for trusting us with this important milestone in your company’s history. Hopefully, this is the start of many more projects still to come.”

Harbke was developed in collaboration with MaxSolar, the project’s EPC partner. Its planned commissioning date is September 2026, upon which it will start receiving the EEG feed-in tariff. The panels have already been installed, and construction works for the substation are currently underway. RP Global is also working on the project’s extension: Around 15 MWp may be added as soon as the grid line reinforcement is complete.

“We are delighted to have closed our first German financing with such a reputable institution as the BayernLB” added Jorge Rodriguez, RP Global’s CFO. “This funding enables us to further advance our local portfolio and continue our expansion in the German market.”

For additional information:

BayernLB

RP Global

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