EDP Renováveis has secured project finance for the development, construction and operation of six wind farms with an aggregate capacity of 149.4 MW in Poland. The information is contained in a press release issued Tuesday by the company.
The six wind farms are geographically distributed throughout Poland. Specifically, Kozlowo and Krasin farms are located in the Warmian-Masurian province, Lichnowy and Chojnice farms in the Pomeranian province, Piatkowo in the Kujawsko-Pomorskie province and Bogoria wind farm in the Swietokrzyskie province, details EDP Renováveis.
The mentioned wind farms are part of the sale contract signed with Mirova, which was disclosed to the market in August last year.
Also read EDP Renováveis's joint venture wins wind project in Scotland "The institutions selected for the transaction were the European Investment Bank (EIB), Banco Santander S.A./Santander Bank Polska and Caixabank S.A. On the other hand, EKF, the official Danish Export Credit Agency, acted as ECA (Export Credit Agency) cover provider," details the note from the company led by Miguel Stilwell d'Andrade.
This transaction falls within the context of the E8 billion asset rotation program for 2021-25, "which will allow us to accelerate value creation as well as reapply capital to invest in new growth," the company explains. Also read Exane raises recommendation for EDP Renováveis shares to "outperform"