Trivanta Secures €17 Million Revolving Bridge Facility for PV and BESS Projects in Poland

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Alexander Enrique Kuhn

Managing Partner
Alexander built his financial expertise through roles at banks and investment firms, beginning as an equity analyst in the capital markets team at a boutique investment bank. He later transitioned to the Renewable Energy division, where he managed financing and sales for large-scale wind and solar projects. In 2015, he co-founded Capcora. Alongside his management responsibilities, he spearheads the company’s debt advisory strategy.

Trivanta, an aggregator and IPP of utility-scale energy infrastructure assets backed by WBS Power Group, has secured a €17 million revolving bridge facility to support the construction of solar photovoltaic (PV) projects and battery energy storage systems (BESS) across Poland, including both stand-alone and co-located installations. Structured at the HoldCo level, the facility will initially finance a 10 MWp PV project covered by a CfD auction, followed by a 20 MWp unsubsidised project incorporating an 8 MW / up to 44 MWh co-located BESSCapcora acted as the exclusive financial advisor, overseeing the structuring and placement of the financing. 

 

The facility has been designed to address the persistent financing gap for co-located PV and BESS developments in Poland, a segment that remains largely underserved. Structured in collaboration with a debt fund, this transaction establishes a framework for funding the construction of Trivanta’s pipeline of projects, with a strong focus on co-located BESS assets. The approach relies primarily on merchant-based financing elements, creating new opportunities for innovative structures in a market where traditional financing solutions have been limited. 

“Securing this financing marks a pivotal step in launching our IPP strategy under the Trivanta platform. Our goal is to establish a strong market presence by aggregating RTB and late-stage projects at a time when others are exiting – an opportunity we believe is perfectly timed. Leveraging our WBS heritage, we bring comprehensive expertise across development, construction, and procurement, positioning us to expand a portfolio of scalable solar PV projects with co-located BESS. This achievement reflects strong investor confidence in the bankability of our projects and the critical role of solar energy in driving the renewable transition in our home country,” said Hubert Bojdo, Chief Financial Officer of Trivanta and WBS Power Group. 

“Providing financing for co-located PV and BESS projects remains a complex challenge in the Polish banking market. This facility sends a strong signal to the market and demonstrates that innovative structures are possible in a challenging market environment. We are pleased to have supported Trivanta in this landmark transaction and proud to showcase our expertise in structuring tailored financing solutions that enable entrepreneurial companies such as WBS Power Group in Poland to accelerate the deployment of renewable energy infrastructure,” added Alexander Enrique Kuhn, Managing Partner at Capcora. 

Trivanta was advised on documentation by a cross-border legal team comprising Terpitz Rechtsanwaltskanzlei (Jochen Terpitz, Michele Bering), and KKMP Adwokaci (Piotr Babski). Legal due diligence was conducted by GNZ Legal, while technical due diligence was carried out by Wind Prospect. 

 

About WBS Power Group 

 

WBS Power is a leading cross-border energy player founded by entrepreneurs with a proven track record. The group brings extensive experience and in-depth expertise across the entire value chain, from development to operations. With a strong track record in development, EPC, asset rotation and IPP of PV projects, the integration of datacentres and battery storage is a natural next step. In Germany, the sponsor develops the projects, sells completed assets, and retains a portion for ongoing portfolio operations as an IPP. In Poland, the sponsor acquires RTB assets, develops through to operational status, and operates as an IPP. In the datacentres segment, WBS focuses on developing and selling assets at both pre-RTB and RTB stages.

 

www.wbspower.com

About Capcora

Capcora is an independent financial advisory boutique specializing in M&A and project finance services to accelerate the energy transition in Europe. Founded in 2015, the Frankfurt-based company helps its clients succeed in the renewable energy and infrastructure sectors by advising them on sell-side and buy-side transactions, and by raising mezzanine, unitranche or senior debt.

www.capcora.com

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