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Press release

European Energy closes financing for Polish wind project

Aug 17, 2022

European Energy has secured the financing of another Polish project in its portfolio – Wind Farm Liskowo in the Northwestern part of Poland. The total value of the project is EUR 53 million with a capacity of 38.8 MW. The wind farm is expected to be connected to the Polish grid in the first half of 2023. 

The general contractor appointed by European Energy is a consortium of ONDE S.A and P&Q Sp. z o.o. 

– Poland is one of the key markets for European Energy. The speed of the green transition in the country is breathtaking, says Olga Sypula, Country Manager Poland in European Energy. 

Securing this financing is an important step in rolling out our pipeline in Poland, where we currently have more than 4 GW under development, which are now in majority solar energy projects, but we are expecting in the upcoming period changes in the legislation, which will let us develop more wind projects in Poland as well. 

In Poland, European Energy is operating 40 MW of wind power plants and have 91 MW under construction, two third of which are wind projects. 

– We are very pleased that we successfully implemented this important project in a short period of time, says Birger Jacobs, Senior Transaction Manager at European Energy. After the very good cooperation with NORD/LB in the Pomorze Portfolio, we now have added the next chapter with Liskowo in Poland. Everyone involved can be proud of what has been achieved in the current volatile market environment. 

Poland’s Energy Policy until 2040 assumes that 50% of electricity generation by 2040 will come from renewable sources and for EU target binding for Poland to reduce emissions by 55% in 2030 compared to 1990, more than 18 GW of onshore wind power will be required. According to the Energy Market Agency, the installed capacity of wind farms as for the May 2022 is almost 7.2 GW. It is expected by the market players in renewable energy that the regulatory framework of Poland will become more attractive in the upcoming months to develop more wind energy projects, specifically the relaxation of the turbine distance rule will allow to construct additionally 12–13 GW by 2030. 

More renewable energy investments mean economic growth of regions of Poland, more perspectives of cheap electricity for everyone in the future, strengthening country’s energy independence and security. 

Euler Hermes backed project financing while advisors leading through the transaction have been Dentons, DNV, NW Assekuranz & KPT Podatki. 

Fact box about European Energy

European Energy A/S, being originally from Denmark, since 2004 has an ambition to support the development of an independent European energy system. European Energy covers full cycle of green electricity production as development, construction, PPA, asset management of onshore and offshore wind, solar energy, green heating solutions. European Energy also takes leading position of Power-to-X (covering e-methanol, green hydrogen), as we are building the world’s first large-scale commercial hydrogen and e-methanol production facility in Kassø, Denmark using clean electricity from 300 MW solar park, for supply to Danish shipping company Maersk, among others.  Managing more than 1.7 GW globally of assets both of wind and solar energy production, our development pipeline affirms the positive trajectory at 21.6 GW across 24 nations at 4 continents and our global construction pipeline is more than 1 GW. This experience we are ready to share with other markets also, bringing green, local, and affordable energy to all.

Photo: Operating wind farm Grzmiąca of European Energy Polska.

European Energy Polska

Mathias Aarup Berg

Head of Regulatory Affairs


+45 31 71 75 88

European Energy A/Swww.europeanenergy.com