Kromann Reumert advises EKF on the PLN 674 million financing of six wind farms developed by EDPR
EKF together with CaixaBank, Banco Santander, Santander Bank Polska and European Investment Bank have granted a green loan facility of PLN 674 million relating to the financing of the development, construction and operating of 6 windfarms located in south-eastern, north-western and northern regions, being in Lichnowy, Bogoria, Krasin, Chojnice, Piątkowo and Kozłowo in Poland. The windfarms will have a total capacity of up to approx. 149.4 MW and will be developed by the Spanish renewable energy company EDP Renováveis.
Kromann Reumert has advised EKF in the process as ECA coverage provider in, inter alia, in negotiating and preparing relevant finance documents and guarantee. The finance documents were mainly governed by English law and the financing structure (and size) is unique for the Polish market being a significant step towards more renewable energy in Poland. The funds will be used for developing, building and operating the six projects and will be part of the green transition in Poland.
Read more: EDPR receives EIB Green Loan to support its onshore wind farm projects across Poland.
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