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.
The wind farms will be developed by German wpd AG in Jarocin Kozmin, Jarocin Wschod, Krotoszyn, and Slupca Kolaczkowo near Poznan. They will have a total installed capacity of 102.5 MW, which enables them to power more than 60 000 households at peak times.
The EIB financing is backed by a guarantee from the European Fund for Strategic Investments (EFSI), the central pillar of the Investment Plan for Europe. Under this plan, the EIB and the European Commission are working together as strategic partners to boost the competitiveness of the European economy. One of EFSI’s objectives is to develop the energy sector, especially the use and supply of renewable energy.
The project will contribute to reducing CO2 emissions and air pollution, thereby making a strong contribution to climate change mitigation. In addition, it will support a less-developed region, thus helping to reduce regional disparities.
The facilities will be operated by project companies belonging to wpd europe GmbH, a subsidiary of wpd AG.
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