EBRD considers financing the Banie wind farm in Poland
The EBRD is considering providing a senior long-term loan of up to PLN 144 million (US$38.2 million equivalent) to finance the construction and operation of 50MW Banie wind farm, located in north western Poland.
The construction of the project started in 2015 and is expected to be completed by the end of 2015.
The remaining funding for the project is expected to be provided by other financial institutions and the Sponsor. The total project cost is estimated at PLN 431,000,000 (US$114.3 million equivalent).
The loan is to be made available to Wiatromill Sp. z o.o. created to own, construct and operate the Banie wind farm.
The borrower is fully owned by Energix Renewable Energies Ltd., a leading Israeli independent renewable energy producer listed on the Tel Aviv Stock Exchange. It was established in 2009 and specializes in the development, construction and operation of renewable energy assets (including solar photovoltaic plants and wind farms).
Country news
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September 30, 2015
Impax Asset Management announces refinancing and expansion of Polish wind farm
Impax Asset Management has completed a PLN181.5 million (EUR43 million) refinancing for the 42 MW Kisielice wind park in Poland. Read more -
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ERG Renew completes acquisition of a project to build a 42MW wind farm in Poland
ERG Renew has completed the closing with Vortex Energy group for the acquisition of a 100% equity interest in EW Orneta 2, a Polish company holding all permits for the construction of a wind farm project in the Polish region of Radziejów. Read more -
August 04, 2014
EIB supports Polish utility Tauron
The European Investment Bank (EIB) is lending up to PLN295 million (€71 million) to the Polish energy company TAURON Polska Energia SA for its investments in renewable energy and energy efficiency in Southern Poland, to be completed by the end of 2016. Read more -
August 29, 2014
Lotos signs senior debt with two banks for Baltic sea oil field
LOTOS Petrobaltic has entered into agreements with Polskie Inwestycje Rozwojowe (PIR), Bank Gospodarstwa Krajowego and Bank Pekao S.A. for the financing of the development of the B8 oil field in the Baltic Sea. Read more -
September 08, 2014
China-CEE and Israeli Enlight to aquire Polish wind farms
Reuters reported in early September that the China-CEE Fund and Israel-listed Enlight Renewable Energy will invest up to 1.3 billion zlotys ($406 million) to acquire two Polish wind projects adding 250.5 MW in installed capacity. Read more
