EBRD to provide $55 million loan for Polish wind energy farm
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The 220 megawatt (MW) Potegowo wind farm in north-eastern Poland is expected to cost around 1.25 billion zloty
LONDON:
* The European Bank for Reconstruction and Development (EBRD) said it will provide a loan of up to 209 million zloty ($55 million) for a wind farm in Poland
* The 220 megawatt (MW) Potegowo wind farm in north-eastern Poland is expected to cost around 1.25 billion zloty
* The wind farm will be built and developed by Potegowo Mashav which is majority-owned by Israel Infrastructure Fund
* Poland is dependent on coal for nearly 80 percent of its electricity generation
* The EBRD said last week it would increase funding for Polish renewable energy this year after the government shifted towards low-carbon energy
Source: reuters
