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The Project Finance for the Pawlowo wind farm developed by EDPR in Poland is recognised by EMEA Finance

The Project Finance for the Pawlowo wind farm developed by EDPR in Poland is recognised by EMEA Finance

EDP Renewables (Euronext: EDPR), a global leader in the renewable energy sector and the world’s third-largest wind energy producer, has been awarded by EMEA Finance magazine for the project structure financing agreement executed with the European Bank for Reconstruction and Development (EBRD) for the Pawlowo wind farm project that the company operates in Poland.

The long-term contracted debt facility amounts to 301 million zlotys (€72 million) for the operation that was closed at the end of 2013.
EDP Renewables was also recognised by the magazine EMEA Finance in the same category “Best Sustainability Deal” for the project financing related to the Carnavoda and Pestera wind farms in Romania; and the wind power project in the Polish city of Margonin.

João Pedro Summavielle, Finance Director EDP Renewables stated: “This award once again confirms that our financing strategy is the right one.” Celma Pires, Finance Director EDP Renewables Europe added: “The market has once again recognised our best practices in an area of vital importance for the development of activities in a company like ours”.

As at the end of 2013, EDP Renewables’ installed capacity in Poland amounted to 370MW and a further 939MW in potential projects and those currently in development.