The Project Finance for the Pawlowo wind farm developed by EDPR in Poland is recognised by EMEA Finance
Madrid, 30th April 2014: 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.
About EDP Renewables (EDPR)
EDP Renewables (Euronext: EDPR), Headquartered in Madrid, is a global leader in the renewable energy sector and the world’s third-largest wind energy producer. With a sound development pipeline, first class assets and market-leading operating capacity, EDPR has undergone exceptional development in recent years and is currently present in 12 markets (Belgium, Brazil, Canada, Spain, the US, France, Italy, Mexico, Poland, Portugal, the UK and Romania). Energias de Portugal, S.A. (“EDP”), the majority shareholder of EDPR, is a global energy company and a leader in value creation, innovation and sustainability. EDP is Portugal’s largest industrial group and the only Portuguese company to form part of the Dow Jones Sustainability Indexes (World and STOXX).
For more information, visit www.edpr.com