{"id":55653,"date":"2020-05-18T15:57:32","date_gmt":"2020-05-18T13:57:32","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=55653"},"modified":"2020-05-18T15:57:32","modified_gmt":"2020-05-18T13:57:32","slug":"ebrd-earmarks-e63-m-to-back-polands-green-energy-transition","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/ebrd-earmarks-e63-m-to-back-polands-green-energy-transition\/","title":{"rendered":"EBRD earmarks \u20ac63 m to back Poland\u2019s green energy transition"},"content":{"rendered":"<p dir=\"ltr\" style=\"background: white; margin: 0cm 0cm 12.75pt; text-align: left;\"><span style=\"font-family: 'Arial','sans-serif'; color: #2f343a;\">The <a href=\"https:\/\/www.ebrd.com\/home\">European Bank for Reconstruction and Development (EBRD )<\/a> decided to allocate a total of \u20ac63 million for supporting Poland\u2019s transition to green energy.<\/span><\/p>\n<p dir=\"ltr\" style=\"background: white; margin: 0cm 0cm 12.75pt; text-align: left;\"><span style=\"font-family: 'Arial','sans-serif'; color: #2f343a;\">The funds will be extended in five loans to help Qair \u2013 which is <span style=\"background: white;\">a leader in the independent production of energy from renewable sources<\/span> \u2013 to generate almost <\/span>200 MW of renewable energy.<\/p>\n<p dir=\"ltr\" style=\"background: white; margin: 0cm 0cm 12.75pt; text-align: left;\"><span style=\"font-family: 'Arial','sans-serif'; color: #2f343a;\">The funds are meant to back Qair in constructing three wind farms in Udanin (50 MW), Parzeczew (9 MW) and Wrzesnia (9 MW) in addition to generating 25 MW of solar photovoltaic \u2013 as well as the operation of wind farms Linowo (58 MW) and Rzepin (48 MW).<\/span><\/p>\n<p dir=\"ltr\" style=\"background: white; box-sizing: border-box; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: left; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px; margin: 0cm 0cm 12.75pt;\"><span style=\"font-family: 'Arial','sans-serif'; color: #2f343a;\">These projects will be accomplished under the Polish renewable energy auction support scheme aiming at generating a total 93 MW.<\/span><\/p>\n<p dir=\"ltr\" style=\"background: white; box-sizing: border-box; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: left; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px; margin: 0cm 0cm 12.75pt;\"><span style=\"font-family: 'Arial','sans-serif'; color: #2f343a;\">The EBRD loans will be provided to five Polish special-purpose vehicles that are ultimately owned by two experienced sponsors \u2013 the French renewable energy developer and operator Qair and the French infrastructure fund RGreen Invest.<\/span><\/p>\n<p dir=\"ltr\" style=\"background: white; box-sizing: border-box; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: left; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px; margin: 0cm 0cm 12.75pt;\"><span style=\"font-family: 'Arial','sans-serif'; color: #2f343a;\">Harry Boyd-Carpenter, EBRD Director, Head of Energy EMEA, said: \u201cWhile so many efforts are rightly focused on addressing the Covid-19 crisis, it is also vital to sustain the momentum behind the green transition. Climate change may now feel less immediate, but it is every bit as serious a challenge. By providing long-term finance under the current circumstances, the EBRD is making a significant contribution to Poland\u2019s energy transition and demonstrating its commitments to its partners and strategic goals. We are delighted to engage for the first time with such strong partners as Qair and RGreen Invest in this.\u201d<\/span><\/p>\n<p dir=\"ltr\" style=\"background: white; box-sizing: border-box; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: left; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px; margin: 0cm 0cm 12.75pt;\"><span style=\"font-family: 'Arial','sans-serif'; color: #2f343a;\">Jean-Marc Bouchet, Qair founder and Chairman, said: \u201cFrom its beginning, Qair has been focused on the energy transition by developing, building and operating renewable assets in France, Europe and the rest of the world. These financings from the EBRD and BNP Paribas of operating and new assets in Poland are a clear sign that Qair\u2019s lifelong commitment to promoting green electricity is more relevant than ever and that the strategy that Qair has been pursuing in Poland for over five years is coming to fruition.\u201d<\/span><\/p>\n<p dir=\"ltr\" style=\"background: white; box-sizing: border-box; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: left; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px; margin: 0cm 0cm 12.75pt;\"><span style=\"font-family: 'Arial','sans-serif'; color: #2f343a;\">Poland still generates 80 percent of its energy from coal, with harmful effects on the environment and human health. The country has committed itself to the EU climate and energy targets for 2030, which include a reduction of at least 40 percent in greenhouse gas emissions. Renewable energy has a key role to play in meeting that goal.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The European Bank for Reconstruction and Development (EBRD ) decided to allocate a total of \u20ac63 million for supporting Poland\u2019s transition to green energy. The funds will be extended in five loans to help Qair \u2013 which is a leader in the independent production of energy from renewable sources \u2013 to generate almost 200 MW [&hellip;]<\/p>\n","protected":false},"author":410,"featured_media":55654,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[984,6030],"tags":[6867,8431,8852,6984],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EBRD earmarks \u20ac63 m to back Poland\u2019s green energy transition - Csr Egypt<\/title>\n<meta name=\"description\" content=\"The European Bank for Reconstruction and Development (EBRD ) decided to allocate a total of \u20ac63 million for supporting Poland\u2019s transition to green energy.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/csregypt.com\/en\/ebrd-earmarks-e63-m-to-back-polands-green-energy-transition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EBRD earmarks \u20ac63 m to back Poland\u2019s green energy transition - 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