Poland plans to develop, construct and operate a new 56MW wind farm at Zelechowo in Poland with the support from a loan of PLN 144 (€30 million equivalent) from the European Bank for Reconstruction and Development, the EBRD said on March 9, adding that the project will be co-financed with a commercial lender, mBank S.A.
The 16-turbine wind farm is expected to save 95,000 tonnes of carbon dioxide emissions a year.
According to the EBRD, the borrower is indirectly owned by Energix Renewables Energy Ltd, a leading Israeli independent power producer focussing on onshore wind and solar PV in Israel, Poland, and the US with an existing relationship with the EBRD. Having entered the Polish market in 2012, it is expected to reach 300 MW installed capacity in Poland by the end of 2022.
The drive towards net zero carbon emissions by 2050 is the dominant theme in the European energy sector, enshrined in the 2019 EU Clean Energy for all Europeans package and the EU Green Deal. This requires massive investment in renewable energy in the coming decade.
