The European Bank for Reconstruction and Development (EBRD) is lending PLN144 (€30m) to support the development, construction and operation of a new 56MW wind farm at Zelechowo in Poland.
The project will be co-financed with a commercial lender mBank.
The 16-turbine wind farm is expected to save 95,000 tonnes of carbon dioxide emissions a year.
The borrower is indirectly owned by Energix Renewables Energy, an Israeli independent power producer focussing on onshore wind and solar in Israel, Poland and the US with an existing relationship with the EBRD.
Having entered the Polish market in 2012, the company is expected to reach 300MW installed capacity in Poland by the end of 2022.
EBRD has invested €11.4bn in 469 projects in Poland, where its focus is on promoting the low carbon economy, enhancing the private sector’s role in the economy and assisting in the development of a sustainable financial system and capital markets.