The European Bank for Reconstruction and Development (EBRD) is supporting the expansion of green energy and Poland’s green recovery from the coronavirus pandemic, with a local currency loan of PLN173 million (US$46.9 million) to finance two new wind farms with a combined capacity of 59 MW.
The project includes the development, construction, and operation under the Polish renewable energy auction support scheme (contract for difference) of a wind farm in the north-western village of Krzęcin with a 19 MW capacity and one in the village of Kuślin in central-western Poland with a 40 MW capacity.
The loan, which is being co-financed by BayernLB, will be provided to two Polish special-purpose vehicles that are ultimately owned by WKN GmbH, a German renewable energy developer focusing on investments in utility-scale wind projects in Europe. WKN GmbH is owned by PNE AG, a German renewable energy developer listed on the Frankfurt Stock Exchange.
