The European Bank for Reconstruction and Development (EBRD) is lending PLN212 million (US$48.75 million) for the construction and operation of Poland’s biggest solar photovoltaic plant at Zwartowo.
The Zwartowo plant will have a total capacity of up to 285.6 MWp and is expected to lead to carbon dioxide emissions savings of at least 138,000 tonnes per year.
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 SA and Pekao SA.
The project company is Stigma Sp. z o.o, a special purpose vehicle incorporated in Poland and indirectly majority-owned by Solarnet Investment GmbH. Solarnet is the investment arm of Goldbeck Solar Group, an existing client of the EBRD.
