EBRD grants loan for 285.6-MWp solar project in Poland

Author: EBRD / All rights reserved.

April 25 (Renewables Now) - 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.

(PLN = USD 0.232/EUR 0.215)

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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