EBRD invests in Poland's renewable energy

The European Bank for Reconstruction and Development (EBRD) will grant five loans totalling PLN 280 million (EUR 63 mln) for a portfolio of almost 200 MW in wind and solar energy in Poland, EBRD said in a Monday press statement.

The portfolio includes three wind farm projects in: Udanin, southern Poland (50 MW); Parzeczew, central Poland (9 MW); and Wrzesnia, western Poland (9 MW); as well as solar farms (25 MW) and wind farms in Linowo, northern Poland (58 MW) and Rzepin, western Poland (48 MW).

The EBRD loans will be provided to five Polish special-purpose companies owned by the French renewable energy developer and operator Qair and the French infrastructure fund RGreen Invest.

BNP Paribas will also provide funding through the project finance model.