The European Investment Bank has agreed to provide a PLN 178m (EUR 45m) loan for the 120MW Margonin wind farm in northwest Poland. This will make a significant contribution to helping Poland reach it stated goal of generating 20% of electricity from renewable sources by 2020.

The Margonin wind farm will comprise 60 wind turbines with a generating capacity of 2MW each. The project will also include infrastructure to connect the windfarm to the high voltage Polish electricity grid managed by national electricity company PSE. Operational management of the windfarm will by performed by EDPR through EDP Renewables Polska. Maintenance of the windfarm, including wind turbine monitoring and initial maintenance will be done by Gamesa Wind Polska.

The Margonin wind farm is co-financed by the European Bank of Reconstruction and Development, which is providing a matching PLN 178 million loan (EUR 45 million equivalent), and a group of commercial banks.

In 2009 the European Investment Bank provided EUR 4,7 billion for projects in Poland and since 2005 has lend EUR 746 million for energy projects across the country. Last year the European Investment Bank’s dedicated climate action enabled EUR 17bn of loans to be provided for projects that contribute to the reduction of CO₂ emissions.