DIF Capital Partners obtains loans for 63 MW of Polish wind projects
Image by DIF Capital Partners (www.dif.eu)
Infrastructure fund manager DIF Capital Partners has secured PLN 350 million (USD 85m/EUR 75.7m) in loans for the development, construction and operation of two onshore wind farms in Poland totalling 63 MW.
The European Bank for Reconstruction and Development (EBRD) said today that it will lend a total of PLN 175 million and that DNB ASA will match the sum, with Denmark’s ECA EKF providing a guarantee for a portion of the term loan.
DIF Capital Partners will use the financing to realise the 40-MW Grajewo and 23.1-MW Sulmierzyce wind projects. Together, the two plants are expected to produce over 182.4 GWh of electricity per year once up and running.
In March, Swedish renewables developer OX2 announced it had agreed to sell the two Polish projects to DIF Capital Partners for an undisclosed sum. They have in place 15-year contracts under Poland’s Contracts For Difference (CfD) support mechanism.