The European Bank for Reconstruction and Development (EBRD) is lending €46m for the construction and operation of the almost 286MW Zwartowo solar farm in Poland.
The EBRD financing, in the shape of a senior secured loan and debt service reserve facility, will be part of a larger package co-financed by commercial banks PKO BP and Pekao.
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Zwartowo is being developed by Stigma, a special purpose vehicle incorporated in Poland and indirectly majority owned by Solarnet Investment.
Solarnet is the investment arm of Goldbeck Solar Group, an existing client of the EBRD.