€26m EBRD loan to build new wind farms in Poland Pollution Solutions Online

Jan 25 2021 Read 634 Times
Poland is accelerating its transition from fossil fuels with the construction of two new wind farms financed by the
European Bank for Reconstruction and Development (EBRD).
The EBRD is providing a loan of PLN 117 million (€26 million-equivalent) for a project in the north-east of the country with a total installed capacity of 51.4 MW: Mława (37.4 MW), located approximately 110 km northwest of Warsaw, and Grajweo (14 MW), 60 km southwest from Suwałki. The EBRD finance will be complemented by a parallel loan from DNB. 
The wind farms will be built and operated by a joint venture between the Taaleri SolarWind Fund II, a fund managed by Helsinki based renewable fund manager and developer Taaleri Energia, and Masdar, the Abu Dhabi Future Energy Company. Both wind farms will benefit from the Polish renewable energy support scheme (contract for difference) for a portion of their respective outputs following their successful bids in the December 2019 auction. 

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