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Sorainen Advises Ignitis Group on Loan from EIB for Polish Wind Farm

Sorainen Advises Ignitis Group on Loan from EIB for Polish Wind Farm

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Sorainen has advised the Ignitis Group on the receipt of a loan by Pomerania Wind Farm, a Polish company belonging to the group, of a loan from EIB.

According to Sorainen, the PLN 258 million loan will be used for developing a 94 MW wind farm. The EIB loan will cover around 47% of project investment costs." The loan, which is supported by the European Fund for Strategic Investments, is scheduled to be repaid by 2035.

The wind park, consisting of 29 turbines, is located in the Pomeranian Voivodship of Poland, approximately 50 km from the coastline of the Bay of Gdansk. It has an expected annual capacity of 300 GWh of electricity, potentially making clean energy generated by the project available to around 75,000 households.

Sorainen`s team consisted of Partner Tomas Kontautas and Senior Associate Dalia Augaite.

Sorainen did not reply to our inquiry on the matter.

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