EBRD and Eiffel Investment Group back solar energy in Poland

Green Forum
The European Bank for Reconstruction and Development (EBRD) and French asset manager Eiffel Investment Group supported solar energy development in Poland with a joint loan of €45 million to PL-SUN Sp.z.o.o.  

PL-SUN Sp.z.o.o, a Polish holding company, will use the financing to construct and operate a portfolio of 16 solar photovoltaic power plants totaling 114.7 MW capacity across Poland. The plants are expected to generate 122.5 GWh of electricity annually, reducing carbon dioxide emissions by 88,000 tonnes.

This partnership marks the EBRD's first construction bridge loan, showcasing its commitment to innovative financing in renewable energy. It also represents the first project under the EBRD and Eiffel partnership, aiming to accelerate the green transition in central and eastern Europe.

Andrius Stonkus, Partner and CIO at Lords LB, expressed satisfaction with the project's contribution to Poland's renewable energy infrastructure and strategic goals. Elisabetta Falcetti, EBRD Regional Head for Poland and the Baltic states, highlighted the significance of increasing renewable energy capacity to support Poland's shift towards sustainability.

Green Forum  |  20 June, 2024 at 8:04 AM