Green Forum • 4 November, 2024 at 7:22 AM
The European Bank for Reconstruction and Development (EBRD) has agreed to invest up to €29.3 million in a green bond issuance by Poland's R.Power SA. This investment will secure funds for renewable energy projects.
R.Power's PLN 530 million green bond aims to finance and refinance capital expenditures for the development, construction, and operation of solar, wind, and battery energy storage projects, both standalone and hybrid. The company has committed to investing an equivalent amount to the bank's financing in battery energy storage projects within EBRD's countries of operation.
R.Power S.A. is a leading developer of utility-scale solar installations and an independent power producer (IPP). Its current solar portfolio boasts over 500 MW of operational capacity, along with a robust pipeline of projects under construction or in development.