Loan granted for 50.4 MW Przyrów wind project in Poland

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

Polish media group Cyfrowy Polsat SA has struck a deal to obtain PLN 360 million (USD 84.8 million) in debt from Switzerland-based EFG Bank Ltd for a 50.4-MW wind project in the village of Przyrow, Czestochowa County, Poland.

The funding will serve as collateral for the development of a wind farm in the Silesia Province in southwestern Poland. The term loan provided to Cyfrowy Polsat's subsidiary, Farma Wiatrowa Przyrow sp Zoo, will reach its maturity on October 16, 2028.

The 50.4 MW Przyrów wind project is being developed by Farma Wiatrowa Przyrów, a joint venture between Polish renewable energy company Polenergii and French investment company EFG International. The project will consist of 12 Vestas V110-4.2MW wind turbines, which will be located on a site of approximately 1,000 hectares. The wind farm is expected to generate enough electricity to power over 40,000 homes and offset over 100,000 tonnes of carbon dioxide emissions per year. Construction on the Przyrów wind project began in 2022 and is expected to be completed in 2023.

 

List of the country updates

Country updates

  • October 19, 2023

    Agreement signed to acquire 334 MW Hybrid Wind & Solar Project in Poland

    Energa Wytwarzanie SA has signed a preliminary agreement to buy 100% of shares in Lewandpol Holding, the owner of a 334 MW hybrid wind and solar project in Greater Poland.

    Read more
  • September 13, 2023

    USD61 Million Agreement signed to sell 20 MW onshore wind farm in Bejsce

    OX2 has signed an agreement to sell a 20 MW onshore wind farm to Enea Nowa Energia in Bejsce, Poland. The contract value is SEK680 million (US$61.1 million) and the sale was completed in the...

    Read more
  • September 11, 2023

    Equinor acquired onshore wind farm from Helios Group

    Equinor has acquired a 26 MW onshore wind farm from the Helios Group in Poland. The Wilko wind farm, situated in Poland's Wielkopolska province, will be under the operation of Wento, which is Equinor...

    Read more
  • August 23, 2023

    EDPR officially opens 45 MWp solar PV project in Konary

    EDP Renewables has announced the opening of a 45 MWp solar photovoltaic (PV) project in Konary, Poland. The solar farm is the first hybrid park in the country and is an example of the use of hybridiza...

    Read more
  • August 21, 2023

    PAD RES signs PLN240mn financing deal for 117 MW solar project in Pomeranian Voivodeship

    PAD RES, a leading Polish developer in the clean energy sector, has signed a financing agreement with the Polish Development Fund (PFR) for a total amount of PLN 240 million (US$58.36 million) for the...

    Read more

Share this update