EDPR secures EBRD loan for 79.5-MW Polish wind farm
Dec 17, 2013 - The European Bank for Reconstruction and Development (EBRD) will extend a PLN-301-million (USD 99m/EUR 72m) loan for the 79.5-MW phase I of a wind project in Poland proposed by Portugal's EDP Renewables (ELI:EDPR)
The Pawlowo wind power facility is to have a total capacity of 120 MW. It will be constructed in the municipality of Golancz in northwestern Poland by Relax Wind Park III Sp, a unit of EDPR, which will also operate the station. It will be situated near the company’s 120-MW Margonin wind farm, which was also constructed with EBRD funding and marked EDPR’s first renewables investment in the country in 2010.
When up and running, the 79.5-MW wind station is expected to cut carbon dioxide (CO2) emissions in Poland by about 100,000 tonnes each year.
The EBRD has channelled over EUR 6.3 billion in Polish projects, worth over EUR 33 billion in total. The lender has also invested in excess of EUR 1.1 billion in renewable energy projects in Poland.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.