Tuca Zbarcea & Asociatii. Solek Group refinances 8,5 MW of photovoltaic parks

Solek Group, a renewable investment and EPC consortium, is glad to announce a successful refinancing of their 8,58 MWp of PV parks with over 6,1 million EUR obtained from financing institutions. “Two of our solar parks (in total 3,58 MWp) were refinanced by Garanti Leasing, and other two (in total 5 MWp) by OTP Bank Romania”, says David Nový, CEO.

“The refinancing was the last major step to take in our investment process, and availability of external financial sources for Solek projects is a recognition of their outstanding legal and technical shape as proven by top-tier advisors, such as Tuca Zbarcea & Asociatii and TUV SUD”, says Nový.

After the refinancing, Solek will now focus on development and construction of several new PV projects and strengthening the presence of the Group in Romania, namely in the O&M field. “Solek is also actively seeking other market opportunities in renewables worldwide and is taking serious steps to enter the market of Chile and Turkey”, says Zdeněk Sobotka, president of Solek Holding SE, Group’s majority shareholder.

Solek Holding SE, headquartered in Prague, Czech Republic, is a privately held company with a successful history of 5 years of experience in creating value for investors by developing and operating photovoltaic projects in Central and Eastern Europe. Solek Holding SE is dedicated to create the most efficient photovoltaic projects possible, for their own portfolio and for third parties. Their skill set includes expertise in permitting, engineering, procurement, construction, operations, maintenance and commercial negotiations. Their team has extensive finance and project development knowledge, and has collectively developed, constructed, and managed more than 20 MW of photovoltaic projects.

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