Polish solar developer PAD RES has secured a €38 million ($40 million) bridge loan from RGREEN INVEST’s short-term senior debt fund INFRABRIDGE III. 

The financing will be used to support the construction of 14 fully merchant solar PV projects over the next 18 months in Poland. The projects will have a combined capacity of 76MWp and range in size from 1-14MWp. Construction of the first projects is already underway and all installations are expected to be completed by the end of 2024. PAD RES is owned by Griffin Capital Partners, Kajima Europe and Mariusz Adamczewski.