EBRD grants loan for 285.6-MWp solar project in Poland
Author: EBRD / All rights reserved.
The European Bank for Reconstruction and Development (EBRD) is extending a PLN-212-million (USD 49.1m/EUR 45.7m) loan to support the construction of a large-scale solar farm in Zwartowo, Poland.
The EBRD will grant the funds in the form of a senior secured loan and debt service reserve facility, the bank said. Its portion of the financing will be part of a larger package co-financed by Polish lenders PKO BP SA (WSE:PKO) and Pekao SA (WSE:PEO).
The borrower is project company Stigma Sp z.o.o, which is a special purpose vehicle incorporated in Poland and indirectly majority owned by Germany’s Solarnet Investment GmbH.
The loan will be used to build the 285.6-MWp Zwartowo solar PV project, which is set to become the largest solar plant in Poland, according to the EBRD.
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