Poland is speeding the transition from fossil fuels with the construction of two new wind farms funded by the European Bank for Reconstruction and Development (EBRD).
The EBRD is funding a €26 million loan for a project in the north-east of the country with a total installed capacity of 51,4 MW: Mława (37,4 MW), situated approximately 110 km northwest of Warsaw, and Grajweo (14 MW), 60 km southwest of Suwałki. The EBRD funding would be complemented by a parallel loan from the DNB.
The wind farms will be designed and run by a joint venture between Taaleri SolarWind Fund II, the 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 subsidy system for green energy.
The latest wind power plants will help to minimize annual CO2 emissions by nearly 126,000 tons a year and help to achieve Poland’s commitment to the EU’s 2030 environment and energy goals, which require a reduction of at least 40 percent of greenhouse gas emissions.
“We are pleased to further support the expansion of green energy in Poland with this excellent new project. We are delighted to join forces with our partners to use the opportunity to set the country on the path towards a new and sustainable energy future.”
Harry Boyd-Carpenter, EBRD director for Energy EMEA.
“Masdar shares EBRD’s commitment to supporting green energy development and we welcome its support on this exciting new venture. Masdar has been a catalyst for renewable energy and clean-tech innovation in more than 30 countries around the world, and we are dedicated to helping Poland achieve its climate and energy objectives. We also look forward further strengthening our partnership with Taaleri Energia through this venture.”
Ahmed Al Awadi, director, business development & investment, clean energy at Masdar.
“We are very satisfied with the fourth investment from the Taaleri SolarWind II fund. This investment in Polish wind is underpinned by the increasing demand for clean energy and by a combination of the Contracts for Difference scheme and the availability of commercial offtake contracts in the Polish market. EBRD are already an investor in our fund and we are delighted that they are also providing financing for this project. EBRD’s local teams and renewable energy expertise in Central and Eastern Europe make them a valued partner for us in the region.”
Taaleri Energia’s managing director, Kai Rintala.
