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.
Country updates
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November 13, 2020
RWE finalizes purchase of 2.7 GW European wind and solar portfolio
RWE and Nordex have successfully completed the process of acquisition of Nordex’ European onshore wind and solar development platform by RWE. According to RWE, 15% of the pipeline projects are...
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November 10, 2020
Vestas equips 27 MW Kostomloty wind project in Dolnoslaskie voivodship
Polenergia Farma Wiatrowa Debice/Kostomloty Sp.z.o.o. has secured a 27 MW wind project from Poland’s technology-neutral energy auction in December 2019 with a customized wind energy solution dev...
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November 05, 2020
EIB and LBBW to finance four wind farms near Poznan
The European Investment Bank (EIB) and LBBW are providing PLN 184 million (US$46.46 million) each to finance the construction and operation of four wind farms in Poland’s Wielkopolskie region....
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November 03, 2020
ERG finalizes investment in 24.5 MW EW Piotrkow Kujawski wind project
ERG through its subsidiary ERG Poland, has acquired a 100% stake in EW piotrków kujawski which owns the license to develop a 24.5 MW wind farm in the north-central area of Poland. EW piotrk&oa...
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October 28, 2020
AB Ignitis Grupe to sign loan investment with NIB for 94 MW Pomerania wind project
The Nordic Investment Bank has provided a loan of up to PLN150 million (US$39.09 million) for the Pomeranian wind farm sp., owned by a subsidiary of Ignitis Group. This loan will be use...
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