Republic of Poland／ Loan Insurance for Acquisition of 243 MW Solar Power Plants in West Pomerania and Pomerania
(Loan Insurance under the LEAD Facility to Calik Enerji)
Nippon Export and Investment Insurance
Nippon Export and Investment Insurance (NEXI, Chairman and CEO: Atsuo Kuroda) has decided to provide loan insurance for a loan by Deutsche Bank AG, Tokyo Branch, to Çalık Enerji San. ve Tic. A.Ş. (“Calik Enerji”), an energy and infrastructure company of the Republic of Türkiye, to acquire solar power plants in the Republic of Poland.
The loan was utilized to finance the acquisition of a portfolio of solar power plants with a total installed capacity of 255 MW, of which 243 MW was operational at the time of financing, forming part of Calik Renewables1’s acquisition of renewable energy assets in Poland. The financing is provided under the LEAD facility2 for Calik Enerji established in May 2024, pursuant to a Memorandum of Cooperation among NEXI, Calik Enerji, and Mitsubishi Corporation（”MC”）.
Calik Enerji, in which MC has made an equity investment, is engaged in a wide range of energy and infrastructure projects, including engineering, procurement and construction, power distribution and retail, as well as renewable energy power generation investments, across Türkiye, Central Asia, the Middle East, Africa, and Europe. Through this LEAD facility, NEXI has supported Calik Enerji’s business development in the renewable energy sector, DX-related projects, and the 73 MW Zatriq Wind Power Plant Project in the Republic of Kosovo.
This LEAD facility is in line with NEXI’s LEAD Initiative３, which aims to strengthen partnerships and cooperation with foreign governments and companies, and to contribute to the national interests of Japan. Under this initiative, Calik Enerji is advancing new market development expanding new opportunities in coordination with Japanese companies, particularly in projects such as construction of power plants, wastewater treatment facilities and transmission and distribution infrastructure.
Through advancing NEXI’s LEAD initiative and by establishing partnerships with foreign governments and companies, NEXI will continue to actively support Japanese companies to expand their global business to combat global warming and improve industrial competitiveness as the Japanese financial institution to implement national policies.
Reference
| Insured | Deutsche Bank AG, Tokyo Branch |
| Covered risks | Political risk 100%, Commercial risk 90% |
Contact:
Power Group
Loan Insurance Department
Tel: +81-(0)3-3512-7340
1 Calik Renewables is Calik Enerji’s wholly owned renewable energy investment company
2 NEXI News Release, May 17, 2024
NEXI holds workshop on Overseas Business Cooperation between Japan and Türkiye, and decides to provide insurance for loans for Calik Enerji
3 NEXI News Release, December 10, 2020（Japanese version only）
https://www.nexi.go.jp/topics/newsrelease/2020120901.html