The EBRD is providing a loan of PLN117 million (US$31.3 million) for a project in the north-east of Poland with a total installed capacity of 51.4 MW: Mława (37.4 MW), located approximately 110 km northwest of Warsaw, and Grajweo (14 MW), 60 km southwest from Suwałki. The EBRD finance will be complemented by a parallel loan from DNB.
The wind farms will be built and operated by a joint venture between the Taaleri SolarWind Fund II, a fund managed by Helsinki based renewable fund manager and developer Taaleri Energia, and Masdar, the Abu Dhabi Future Energy Company. Both wind farms will benefit from the Polish renewable energy support scheme (contract for difference) for a portion of their respective outputs following their successful bids in the December 2019 auction.
The new wind power plants will help reduce annual CO2 emissions by approximately 126,000 tonnes annually and help fulfill Poland’s contribution to the EU climate and energy targets for 2030, which include a cut of at least 40 percent in greenhouse gas emissions.
