Current Report No. 1/2025 – ESPI – Execution of a Financing Agreement for the Construction of 68.2 MWp PV Projects in Portugal

The Management Board of R.Power S.A., with its registered office in Warsaw (the “Issuer”), hereby announces that on January 30, 2025, two Portuguese special purpose vehicles from the R.Power Group (the “Borrowers”) entered into a project finance loan agreement with Banco BPI S.A. and CaixaBank S.A. (the “Lenders”) for a total amount of approximately EUR 38.6 million (the “Financing”).

Under the Financing, the Borrowers have been granted long-term investment financing to be used for the refinancing of operating photovoltaic power plants and the construction of new photovoltaic power plants with a total capacity of approximately 68.2 MWp, located in Portugal. The Financing also includes ancillary facilities, such as VAT financing for investment expenditures and a guarantee line, including for securing obligations under PPA agreements, including the agreement referred to in the Issuer’s current report No. 13/2024.

The Financing will be made available upon fulfillment of certain conditions precedent, particularly the submission of relevant project documentation and the establishment of standard project finance security in favor of the Lenders.

The various elements of the Financing bear interest on market terms. Additionally, the financing agreement imposes standard obligations regarding compliance with financial covenants, fulfillment of reporting duties, and provisions concerning circumstances that may trigger early repayment of the Financing.

Legal basis:
Article 17(1) of the MAR – insider information.