EDP Renováveis S A : EDPR signs project finance for six wind farms with an aggregate capacity of 149 MW
January 18, 2022 at 05:45 am
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EDPR signs project finance for six wind farms with an aggregate capacity of 149 MW
Martes18, Enero 2022
The agreement involves financing the development, construction and operation of the six parks.
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.
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EDP Renovaveis SA published this content on 18 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 January 2022 10:44:06 UTC.
EDP Renováveis, S.A. (Euronext: EDPR) is the fourth largest renewable energy producer worldwide with presence in 28 markets across Europe, North America, South America and Asia/Pacific.
Based in Madrid and with main regional offices in Houston, São Paulo and Singapore, EDP Renováveis, S.A. has a robust development portfolio with first class assets and a market-leading operational capability in renewables. These include wind onshore, utility scale & distributed solar, wind offshore (through its 50/50 JV - OW) and technologies complementary to renewables such as batteries and green hydrogen.
EDPR's employee-centered policies resulted in its recognition as a Top Workplace 2023 in the United States, Top Employer 2023 in Europe (Spain, Italy, France, Romania, Greece, Portugal and Poland) Colombia and Brazil, as well as its inclusion in the Bloomberg Gender-Equality Index.
EDPR is a division of EDP (Euronext: EDP), a leader in the energy transition with a focus on decarbonization.