The Santander Group and Energix - Renewable Energies have signed a loan agreement worth PLN550 million (US$145 million) to finance a portfolio of two onshore wind farms with a total capacity of 125 MW.
Banco Santander benefits from a partial guarantee from the Danish Export Credit Agency (EKF), a parallel lender is the European Bank for Reconstruction and Development (EBRD), providing the same amount under the PLN550 million (US$145 million) financing package. Santander Bank Polska acts as an agent, collateral agent, and account manager.
The first project is the 81.4 MW Banie III investment in northwest Poland, where 37 turbines will be built. The second project is located in Sępol in north-eastern Poland.
Country updates
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June 23, 2021
Energy Regulatory Office awards CFD contract for 1.2 GW offshore wind farm in Poland
The Energy Regulatory Office of Poland has awarded a contract for difference (CfD) for Northland and PKN ORLEN’s (ORLEN) Baltic Power offshore wind project (Baltic Power)
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June 17, 2021
Taaleri’s SolarWind II reached final close with EUR354mn commitment
The Taaleri SolarWind II fund has exceeded its target size of EUR 300 million (USD362.77 million) with a final closing of EUR354 million (US$431.08 million) in total commitments. The fund’s anch...
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June 09, 2021
Ignitis powers up 94 MW Pomerania wind project in the Bay of Gdansk
Ignitis Group has started the power generation of its 94 MW (megawatt) wind farm located in the Pomeranian Voivodship, approximately 50 km from the coastline of the Bay of Gdansk, in the municipalitie...
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June 04, 2021
Final investment decision made for 700 MW Transmission link project in Poland
PSE and Litgrid, the transmission system operators of Poland and Lithuania, have made final investment decisions regarding the implementation phase of the Harmony Link interconnector project - a subma...
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June 02, 2021
Equinor acquires O&M base for Polish Baltic Sea offshore wind projects
Equinor has completed the acquisition of a site at the port of Leba to serve as the operations and maintenance (O&M) base for the Polish Baltic Sea offshore wind projects. Equinor will construct,...
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