The senior debt facilities were provided by commercial bank DNB and export credit agency EKF. Shortly before financial close, a fund advised by Mirova, a French asset manager dedicated to sustainable investing (including investing in energy transition infrastructure) and an affiliate of Natixis Investment Managers, acquired a majority stake in the Project from Uriel. These transactions are a testimony to the growing interest from leading European players in the rapidly developing Polish renewable energy market.
Astris acted as exclusive advisor to Uriel on both the senior debt financing and the equity divestment.
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Spanish developer Uriel Renovables has secured financial closing for the 145 MW Bialy wind farm project currently being developed in Bialy Bor, Szczecinek County, West Pomeranian Voivodeship, Poland.
With 42 Vestas V126, 3.45 MW turbines, the Bialy Bor wind farm project will be one of Poland’s largest onshore wind farms and will provide clean energy to over 100,000 households. It is expected to start production in the first quarter of 2022. The Project has secured a 15-year Contract for Difference (CfD) through the 2019 renewable auction organized by Poland’s Energy Regulatory Office.
List of the country updates
Country updates
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February 12, 2021
Ørsted, PGE form 50/50 joint venture to build the Baltica 2 and 3 Offshore Wind Power Plant in Baltic Sea
Ørsted and PGE Polska Grupa Energetyczna S.A. (PGE) have signed an agreement to form a 50/50 joint venture for the development, construction, and operation of two offshore wind projects in the...
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January 29, 2021
PKN Orlen starts construction of 20 MW PV Gryf solar project
Energa Group, a unit of PKN Orlen, has started the construction of its 20 MW PV Gryf solar photovoltaic project located at a former mining area in the Wielkopolska Voivodeship of Poland...
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January 28, 2021
Deutsche Windtechnik wins service deal for 42 MW Kisielice wind park in Masurian Voivodeship
Deutsche Windtechnik's Polish unit has added 21 Enercon E82 turbines to its full-service portfolio. The wind farm Kiesilice, located in the northern area of Warmian-Masurian, receives maintenance for...
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January 27, 2021
RWE to build 76 MW of French and Polish wind projects
RWE’s European renewables business has invested in four new onshore wind farms with a total installed capacity of 76 megawatts (MW). Three of the projects are located in France, and one in Polan...
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January 27, 2021
Masdar, Taaleri SolarWind II fund completes acquisition of Mlawa and Grajweo wind projects
The Taaleri SolarWind II fund has, together with Masdar, one of the world’s leading renewable energy companies, acquired 100% ownership of the Mlawa and Grajewo wind farms. The wind farms are lo...
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