EIB agrees loan for three Polish wind farms

The EIB will provide a €64 million loan ($71 million) to PGE Polska to finance construction of three new wind farms on the Polish Baltic coast. The maturity of the facility is for up to 17 years and for an amount that represents around 50% of the Klaster project, which comprises the Starza, Rybice and Karnice 2 sites.

The projects, which have a total capacity of 97MW, are 100% eligible under the EIB’s climate action objective. During the credit negotiation process, the EIB said PGE presented its plans for changes in the energy mix, emphasising its commitment to actions aimed at energy transition and planned investments in zero-emission energy sources.