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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 PLN117 million (€26 million equivalent) for a project in the north-east of the country with a total installed capacity of 51.4 MW: Mlawa (37.4 MW), located approximately 110 km northwest of Warsaw, and Grajweo (14 MW), 60 km southwest from Suwalki. 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.
Abu Dhabi-based Masdar, one of the world’s leading renewable energy companies, said it has partnered with Taaleri Energia, a Finland-based group investing in utility-scale wind and solar assets, to jointly acquire stakes in two wind farms in Poland.
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TAALERI PLC PRESS RELEASE 18 JANUARY 2021 AT 15.30 (EET)
Taaleri SolarWind II fund invests in two ready-to-build wind farms in Poland with a combined capacity of 51.4 MW
The Taaleri SolarWind II fund has, together with Masdar, one of the world s leading renewable energy companies, acquired 100% ownership of the Mlawa and Grajewo wind farms. The wind farms are located in Northern Poland in the counties of Mazowieckie and Podlaskie.
Masdar is Taaleri Energia s joint venture partner in the CEE region.
Construction works on both wind farms started in June 2020. With 24 Vestas V110 turbines, the wind farms will have a combined installed capacity of 51.4 MW and the combined annual production of electricity will be approximately 192 GWh. The wind farms will produce enough electricity to supply around 90000 households and will offset the equivalent of 146,000 tonnes of carbon dioxide during each year of operation.