The EBRD is considering providing a senior long-term loan of up to PLN 144 million (US$38.2 million equivalent) to finance the construction and operation of 50MW Banie wind farm, located in north western Poland.
The construction of the project started in 2015 and is expected to be completed by the end of 2015.
The remaining funding for the project is expected to be provided by other financial institutions and the Sponsor. The total project cost is estimated at PLN 431,000,000 (US$114.3 million equivalent).
The loan is to be made available to Wiatromill Sp. z o.o. created to own, construct and operate the Banie wind farm.
The borrower is fully owned by Energix Renewable Energies Ltd., a leading Israeli independent renewable energy producer listed on the Tel Aviv Stock Exchange. It was established in 2009 and specializes in the development, construction and operation of renewable energy assets (including solar photovoltaic plants and wind farms).