PEP gets loan from EBRD for developing wind farms
October 8, 2013
Power group PEP secured an up to EUR 69.5 million (PLN 292 million) loan from the European Bank for Reconstruction and Development (EBRD) for developing three wind farms in northern and north-eastern Poland, the bank said in a press statement.
"The EBRD finance will support the construction and operation of three wind farms in northern and north-eastern Poland - Gawłowice with a capacity of 41.4 MW, Rajgród with 25.3 MW and Skurpie with 36.8 MW - with a total capacity of 103.5MW," the statement reads.
The EBRD committed to provide PLN 242.7 million for developing 66.7 MW of wind power capacity and may extend financing by another PLN 49.3 million, the bank said.
The total value of the three investments is estimated at PLN 835 million, the statement reads.
To date, the EBRD has invested more than EUR 6.3 billion in all sectors of the Polish economy with a combined project value exceeding EUR 33 billion, the bank said in the statement.