Funding for the construction of a solar park in western Poland has been guaranteed. €45m will be allocated for this purpose. This is the size of the joint loan agreement signed by Atsinaujinancios energetikos investicijos with Eiffel Investment Group (Eiffel) and the European Bank for Reconstruction and Development.
“This loan secured funding for the entire construction period of the project, while at the same time giving us enough freedom to shape the final revenue structure of the parks until the completion of their construction. We are delighted that two solid financing institutions are providing financing for our project. This confirms the quality of the project and perspective of the Polish market,” said Grete Bukauskaite, Manager of Atsinaujinancios energijos investicijos.
“Unlocking additional financial resources for the renewables sector in Poland is crucial to meet the country’s ambitious green transition targets. I am particularly pleased that this first project under the EBRD and Eiffel partnership will – thanks to the efforts of Lords - increase the renewable energy generation capacity in Poland and support the country’s shift to a greener, more sustainable energy model,” said Elisabetta Falcetti, the EBRD's Regional Director for Central Europe and the Baltic States.
"Poland is a key market for Europe's energy transition and sovereignty. Its growing commitment to energy transition and its potential in green infrastructure fit perfectly with our long-term investment strategy and expertise," said Fabrice Dumonteil, President of Eiffel Investment Group. "We believe our presence in Warsaw, along with our cooperation with EBRD, will enable us to further accelerate our investment pace in the region. The €45m joint bridge loan to the 16 solar photovoltaic projects portfolio sponsored by Lords LB Asset Management is an integral part of this strategy.”
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