Acasă » Renewables » Poland: EDPR receives 66 mln. euro EIB Green Loan to support its onshore wind farm projects

Poland: EDPR receives 66 mln. euro EIB Green Loan to support its onshore wind farm projects

19 January 2022
Renewables
Bogdan Tudorache

EDPR received an EIB Green Loan to support its onshore wind farm projects across Poland. The EIB’s Green Loan of about 66 million euro is the biggest EIB investment in onshore wind farms in Poland.

EDP Renewables’ (EDPR) six onshore wind farms will be located in different regions across Poland.

The European Investment Bank has signed with six special purpose vehicles owned by EDP Renewables (EDPR) to support the construction and operation of six medium-sized onshore wind farms with a total nominal capacity of 150 MW in Poland.

The six onshore wind farms financed by EIB are geographically located mainly throughout the north (Kozlowo, Krasin, Lichnowy, Chojnice and Piatkowo wind farms) and the south (Bogoria wind farm) of the country.

The onshore wind farms have been awarded individual 15-year two-sided contract-for-differences (CfD) under competitive auctions held in 2018 and 2019. The CfD scheme is Poland’s main mechanism for supporting low-carbon electricity generation. Their implementation presents a strong case for an EIB financing in line with the Climate Action objectives of the Bank. The project is also the first in Poland to benefit from an EIB Green Loan, the features of which are fully in line with the requirements set out in its climate awareness bonds programme.

The EIB investment will cover close to 50% of total senior debt – the remaining debt amount being provided jointly by Banco Santander and Caixabank Poland, partly backed by an ECA guarantee provided by EKF.

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.

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