EDPR nails finance for Poland 130MW
Portugal's EDPR has clinched its second project-finance agreement for Polish wind farms in the past week, with the two deals to collectively pour 469 zlotys ($154m) into 130MW of capacity.
EDPR today said it had secured a 168m zlotys deal, expected to close by the end of 2013, for two wind farms totalling 50MW. The company did not reveal its financial partners.
That follows an announcement on 16 December that EDPR had landed a 301m zlotys project-finance deal with the European Bank for Reconstruction and Development for 80MW in Poland, expected to close in early 2014.
EDPR says that those two deals lift its total project-finance pot in Eastern Europe to €485m ($662m), as it looks to secure “long-term debt in local currency” in order to mitigate foreign-exchange risk.
EDPR is the world’s third-largest generator of wind power.