The EIB and LBBW are providing PLN 184 million (approximately €42 million) each to finance the construction and operation of four wind farms in Poland’s Wielkopolskie region. The wind farms will be developed by German wpd AG in Jarocin Kozmin, Jarocin Wschod, Krotoszyn and Slupca Kolaczkowo near Poznan. They will have a total installed capacity of 102.5 MW, which enables them to power more than 60 000 households at peak times.
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"Today's decision of the Polish government to join the pan-European guarantee fund (EGF) is very good news for the Polish economy," said Prof. Teresa Czerwińska, vice-president of the EIB, who oversees operations in Poland. “The guarantee fund, which has just started its operational activity, has been created in a spirit of solidarity by the Member States of the European Union and the European Investment Bank. It is an important element in supporting Polish entities, especially small and medium-sized enterprises (SMEs), affected by the COVID-19 pandemic. The € 25 billion guarantee fund will provide financing to European companies that are viable in the long term, but struggling with the difficulties caused by the current pandemic. At least 65% of the funding is dedicated to SMEs in Europe. As part of mobilizing funds in Poland, the EIB will cooperate with domestic financial institutions, including the national promotional bank Bank Gospodarstwa Krajowego. The EGF is yet another initiative in which Member States and EU institutions join forces in creating new instruments of aid and support for the economy and society. It is worth reminding that since the beginning of the pandemic, the EIB has provided € 24.9 billion for projects related to the fight against COVID around the world. "
From Ostrów Wielkopolski (72 000 inhabitants) to Warsaw (1.78 million people), cities of all sizes in Poland are turning to the EIB to secure affordable funding for development projects that are green and socially inclusive. Eleven operations with a combined total of more than PLN2 billion (equivalent to approximately €500 million) have been signed since January with ten Polish cities across the country. One of them was backed by a guarantee from the European Fund for Strategic Investments (EFSI), the financial pillar of the Investment Plan for Europe.