BayernLB

19-Jun-2020

BayernLB provides financing for 51.8 MW wind farm portfolio in Poland

Munich - Munich based Pacifico Energy Partners and BayernLB have reached financial close for a 51.8 MW wind farm portfolio in Poland with a debt volume of PLN 225,150,000 (currently around EUR 51 million). BayernLB is providing long term senior debt  and respective ancillary facilities to the project companies. The three wind farms in the northern part of the country had successfully participated in the renewable energy tender launched by the Polish government in December 2019 and are currently under construction.

Jannik Hoffmann, Chief Financial Officer of Pacifico Energy Partners, said: “We are proud to achieve this milestone, especially at a time where financial markets have recently experienced COVID-19-related stress signals. This is clear evidence that with BayernLB we have chosen a great banking partner that has provided invaluable support. Pacifico is delighted to accelerate Poland’s move away from fossil fuels and help meet its renewable energy targets.”

Christoph Fischer, Global Head of Structured & Trade Finance at BayernLB: “We are proud to accompany Pacifico’s growth journey. Setting up these onshore wind parks in Poland is just another step towards a decarbonized and sustainable future energy system in Europe. BayernLB is proactively supporting the energy transition based on our exceptional track record in financing renewable energy generation projects.”