Relax Wind Park III, a subsidiary of EDPR, will develop the project in two phases with first phase comprising 79.5MW capacity in the municipality of Golancz, while the second phase will include 40.5MW in the municipality of Budzyn.
The 120MW greenfield project, which is estimated to cost around €195m, will assist Poland in increasing its renewable energy capacity to meet EU’s green energy quotas.
EDPR CFO Rui Teixeira said the new long-term financing agreement with the EBRD confirms the soundness of the company’s strategy based on the development of quality projects.
"It is also important to support the evolution of the Polish wind energy market," added Teixeira.
EBRD managing director energy Riccardo Puliti said the bank is supporting the expansion of renewable energy in Poland which is crucial to a re-balancing of the country’s energy mix.
"We are also proud to deepen our successful cooperation with EDPR and are confident that this will set an example for other investors," added Puliti.
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Image: EDPR to build Pawlowo wind farm in North West Poland. Photo: courtesy of European Bank for Reconstruction and Development.
