EDPR signs project finance for six wind farms with an aggregate capacity of 149 MW
The agreement involves financing the development, construction and operation of the six parks.
Madrid, 12 January 2022. EDP Renewables (Euronext: EDPR), the world’s fourth largest renewable energy producer, has closed a project finance deal for the financing of the development, construction and operation of six wind farms with an aggregate capacity of 149.4 MW located in Poland.
The six wind farms are geographically dispersed across Poland, throughout the south-eastern north-western and the northern of the country. More precisely, the Kozlowo and Krasin wind farms are located in the Warmian-Masurian province, the Lichnowy and Chojnice wind farms are in the Pomerania province, Piatkowo are in Kujawsko-Pomorskie province and the Bogoria wind farm in Swietokrzyskie province. All of these wind farms are part of the sale agreement executed with Mirova, and disclosed to the market last August.
The banks selected as project finance arrangers were the European Investment Bank (EIB), Banco Santander S.A./Santander Bank Polska and Caixabank S.A. In addition, EKF, the official Danish Export Credit Agency, acted as ECA coverage provider.
The transaction is part of the 8 billion euros asset rotation programme for 2021-25 announced at the company’s Capital Markets Day, which will accelerate value creation while reusing capital for reinvestment in new growth.
About EDP Renewables (EDPR)
EDP Renewables (Euronext: EDPR), is a global leader in the renewable energy sector and the world’s fourth-largest renewable energy producer. With a sound development pipeline, first class assets, and market-leading operating capacity, EDPR has undergone exceptional development in recent years and is present in 26 international markets across Europe, Latin America, North America, and Asia*.
EDPR is committed to furthering social advances in terms of sustainability and integration. This is reflected by the company’s inclusion in the Bloomberg Gender Equality index and its recognition as a Top Employer 2020 in Europe (Spain, Italy, France, Romania, Portugal, and the UK) and as a Top Workplace 2020 in the United States, each honour an endorsement of its employee-driven policies.
EDP, the principal shareholder of EDPR, is a global energy company and a leader in value creation, innovation, and sustainability. EDP has been included in the Dow Jones Sustainability Index for 14 consecutive years and was recently recognized as the world’s most sustainable electric utility in the Dow Jones index.
* Definitive presence in Asian markets is pending regulatory approval for the Sunseap transaction.
