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Wind Energy Expansion in Poland Continues

The European Investment Bank (EIB) has granted a loan to the Ignitis Group for the construction of a 94 MW wind farm in Northern Poland.

Image: Ignitis GroupImage: Ignitis Group

The loan contract was signed by the EIB with Pomerania Wind Farm, a subsidiary of the Ignitis Group from Lithuania. It concerns a sum of approximately EUR 60 million to be invested in a wind farm in the Pomerania Voivodeship, some 50 km from the coast of the Gdansk Bay, in the municipalities of Dzierzgon and Stary Targ.

The wind farm will consist of 29 turbines with a total capacity of 94 MW and is expected to be commissioned in spring 2021. The turbines are expected to produce 300 GWh of electricity, enough to supply approximately 75,000 households with clean energy each year.

EIB Vice-President Teresa Czerwinska commented: “There is huge potential for generating energy from renewable sources in Poland, and this project is yet another example of how wind farms can contribute to the country’s energy mix and sustainable development. The EIB has considerable expertise in financing wind energy around the world. With our new Energy Lending Policy, we are committed to supporting even more such projects and we are happy that this particular project is very much in line with our climate objectives”. 

Dominykas Tuckus, Board Member and Head of Business Development at Ignitis Group, said: “Sustainable development through the implementation of renewable energy projects not only in Lithuania but also abroad is top priority for the Ignitis Group in its Strategy 2030. Through these projects, we aim to increase our competitiveness and make a significant contribution to accelerated decarbonisation of energy sector”.

Windfair Staff
Iginitis Group, Poland, wind farm, loan EIB, bank, financing, electricity, onshore, installation, turbine

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