Renewables developer OX2 has secured a EUR 73 million (US$76.8 million) financing package from bank Nord/LB for a 100 MW solar farm currently under development located in the Niemodlin municipality in southwestern Poland.
The Rutki solar project, located in the Niemodlin municipality in southwestern Poland, marks OX2's debut in the country. This area benefits from high solar irradiation levels. The project is under construction and slated for completion in 2025, featuring 145,000 ground-mounted solar panels capable of powering approximately 30,000 households. A 15-year contract for difference (CfD) has been secured with Poland’s Energy Regulatory Office. The following parties also advised on the deal:
- Clifford Chance is the lender’s legal adviser.
- A&O Shearman as the borrower’s legal adviser.
- Marsh as the insurance adviser.
- EY as the financial adviser.
- Solaris Ventum as the lender’s technical adviser.
Country updates
-
-
September 26, 2024
Nordex Group to supply 41 turbines for 191 MW wind farm in Poland
The Nordex Group has received an order for the supply and installation of turbines for the 148 MW Miejska Górka wind farm built in the Greater Poland Voivodeship. The Group will supply 4...
Read more -
September 04, 2024
Smulders to deliver Baltyk 2&3 offshore substations
Equinor and Polenergia-owned joint venture companies leading the development of the Bałtyk 2 and Bałtyk 3 offshore wind farms have awarded Smulders the contract for the design, procurement and constru...
Read more -
July 25, 2024
40 MW Kotuń solar project reached Commercial Operation
Lightsource BP has reached commercial operation of the 40MW Kotuń solar project in Poland. Lightsource BP has advanced a 3.2GW project pipeline and established a strong presen...
Read more -
July 22, 2024
Construction begins on Lightsource bp's 560 MWp Enipeas solar project in Greece
Lightsource bp has announced its joint venture company Ameresco Sunel Energy SA as the EPC contractor and O&M provider for its 560 MW solar project in mainland Greece. Ameresco Sunel Energy...
Read more -
July 22, 2024
Tender launched for 263 MW/900 MWh battery storage system in Żarnowiec
PGE Group has announced a tender for the construction of a 263 MW/900 MWh battery energy storage (BESS) facility located in the vicinity of the Żarnowiec Pumped Storage Power Plant in Poland. The pla...
Read more
