EBRD extends loan to finance 114MW solar PV projects in Poland

Facebook
Twitter
LinkedIn
Reddit
Email
EBRD solar project in Poland
EBRD and Eiffel Investment Group signed a memorandum of understanding in December 2023 to develop renewables projects in Central and Eastern Europe. Image: EBRD

The European Bank for Reconstruction and Development (EBRD) and French asset manager Eiffel Investment Group have extended a joint loan of €45 million (US$48.83 million) to Polish solar company PL-SUN for the construction of a 114.7MW solar portfolio in Poland.

The construction bridge financing loan, made up of equal contributions of €22.5 million from Eiffel Investment Group and EBRD, will finance the construction of 16 solar PV plants with a total installed capacity of 114.7MW across Poland. The solar PV plants’ annual solar generation capacity will reach 122.5GWh.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The portfolio will also be the first project co-financed under a new partnership between Eiffel Investment Group and the EBRD, aiming to accelerate the green transition across the EBRD’s markets. Both institutions signed a memorandum of understanding (MoU) in December 2023, outlining cooperation in exploring co-investment bridge financing to accelerate renewables deployment across central and eastern Europe.

PL-SUN is owned by Lithuanian investment company Atsinaujinančios Energetikos Investicijos (AEI), which currently operates a portfolio of about 250MW in Poland and Lithuania.

Prior to this portfolio, EBRD also guaranteed a €25 million loan for a 112.5MW Bulgarian PV project in February. The company said this was the first transaction for a greenfield renewable energy project to be backed by a risk-sharing framework.

EBRD also invested €100 million in SolarWind III in January, a fund raised by Finnish fund manager Taaleri Energia that aims to build 1.9GW of renewable capacity across Europe and the US.

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

June 30, 2025
Voting on the US tax reconciliation bill is expected to begin in the Senate today, following a draft published on Friday that hit clean energy tax credits hard.
June 30, 2025
Australian module manufacturer Tindo Solar has secured a 30MW solar module supply agreement to power Australia's first "net zero pipeline”.
June 27, 2025
Renewables investment platform Nexwell Power has signed a round of power purchase agreements (PPAs) with “one of the largest” US tech companies for solar PV capacity to be built in Spain.
June 27, 2025
Statkraft has signed PPAs with Better Energy to purchase energy from two solar power plants in Poland with a total capacity of 64GWh.
June 27, 2025
Solar developer Lightsource bp has signed a power purchase agreement (PPA) with a subsidiary of Taiwanese energy firm HD Renewable Energy (HDRE).
June 26, 2025
A group of minority shareholders in Norwegian silicon firm REC Silicon has triggered an investigation into the circumstances surrounding the closure of the company’s US polysilicon production site.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Media Partners, Solar Media Events
July 2, 2025
Bangkok, Thailand
Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece