The European Bank for Reconstruction and Development (EBRD) is supporting phase I of the construction and operation of a wind farm in North West Poland with a loan of up to PLN 301mn ( EUR 72mn equivalent). Phase I covers the installation of 79.5MW capacity generated by a wind farm located in the municipality of Golancz. It is expected to reduce CO2 emissions in Poland by approximately 100,000 tonnes per annum. EBRD stresses. The wind farm will be developed, constructed and operated by Relax Wind Park III Sp. z o.o., a subsidiary of EDP RenovÁveis SA (EDPR), the renewable arm of EDP Group , a leading wind energy producer in the world. The EBRD has built a strong relationship with the company and invested alongside EDPR in Poland and Romania . EBRD also points out that regulatory uncertainty has recently impeded the further development of the renewables sector despite promising prospects in Poland . To date, EBRD has invested more than EUR 6.3bn in all sectors of the Polish economy with a combined project value exceeding EUR 33.0bn . The bank continues to support the renewable energy sector with over EUR 1.1bn invested in nearly 50 projects across its region.
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