The European Bank for Reconstruction and Development (EBRD) will provide a loan of PLN 117 million (€26 million) for two wind farms in the northeast of Poland with a total installed capacity of 51.4 megawatts (MW), the bank announced in a statement late Monday.
A 37.4-megawatt capacity wind farm will be located approximately 110 kilometers northwest of Warsaw, and a 14-megawatt capacity wind farm will be built in Grajweo, 60 kilometers southwest from Suwałki.
According to the statement, the new wind power plants with a total capacity of 51.4 MW will help reduce annual carbon dioxide (CO2) emissions by approximately 126,000 tonnes annually and help fulfill Poland's contribution to EU climate and energy targets for 2030, which include a cut of at least 40% in greenhouse gas emissions.
"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," the bank said.
Both wind farms will benefit from Poland's renewable energy support scheme (contract for difference) for a portion of their respective outputs following their successful bids in the December 2019 auction.
By Gulsen Cagatay