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May 18, 2020

EBRD invests in Polish wind and solar power amid Covid-19

The European Bank for Reconstruction and Development (EBRD) has announced its decision to grant French renewable operator Qair, and French infrastructure fund RGreen Invest, five loans of approximately €63m equivalent, for the production of about 200MW of renewable energy.

By Yoana Cholteeva

The European Bank for Reconstruction and Development (EBRD) has announced its decision to grant French renewable operator Qair, and French infrastructure fund RGreen Invest, five loans of approximately €63m equivalent, for the production of about 200MW of renewable energy.

Qair’s project involves construction under the Polish renewable energy auction support scheme ‘Contract for Difference’. The financing will benefit the company’s portfolio to the tune of 93MW of new capacity at three wind farms: Udanin (50MW), Parzeczew (9MW), and Wrzesnia (9MW); as well as 25MW of new solar photovoltaic power. In addition, the funding will help operations at the Linowo (58MW), and Rzepin (48MW) wind farms.

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