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    CaixaBank participates in the financing of six wind farms in Poland by EDP Renewables


    January 19, 2022 - Web Newswire

     

      India, Jan. 19 -- Barcelona " WEBWIRE " Tuesday, January 18, 2022

      - Transaction is CaixaBank's largest sustainable project finance operation in Poland to date.

      - Reinforces the bank's commitment to working closely with Polish businesses and support the country's energy transition objectives through increased use of renewable energy.

      CaixaBank has participated in the underwriting of a green loan facility for the long term financing of six wind farms by EDP Renewables, the world's fourth largest renewable energy producer. The agreeement covers the financing of the development, construction and operation of six wind farms with an aggregate capacity of 149.4 MW. The commercial tranche of 655 million zlotys (PLN), equivalent to 144 million, is supported by the European Investment Bank, CaixaBank and Santander, with a partial guarantee by EKF (Denmark's Export Credit Agency).

      The six wind farms are geographically dispersed across Poland, throughout the south-eastern, north-western and northern part of the country. More precisely, the Kozlowo and Krasin wind farms are located in the Warmian-Masurian province, the Lichnowy and Chojnice wind farms are in the Pomerania province, Piatkowo is in the Kujawsko-Pomorskie province and the Bogoria wind farm is in the Swietokrzyskie province.

      EDP Published by HT Digital Content Services with permission from Web Newswire. For any query with respect to this article or any other content requirement, please contact Editor at contentservices@htlive.com

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