Toronto-listed Northland Power and Polish fuels group Orlen have signed a credit agreement for $5.2bn in green project financing for their 1.1GW Baltic Power offshore wind project in Poland.
The non-recourse package, which a covers a 20-year term, is backed by by 25 international and local commercial banks, as well as multiple export credit and multi-lateral agencies, according to a statement by the Canadian company.
