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Deal with Brookfield Asset Management will enable acquisition of 106MW Polish wind farms Qair has secured a financing agreement with Brookfield Asset Management worth PLN 575 million (€135m) to fund the acquisition of new wind farms and develop further renewable energy projects in Poland. It is the largest project financing that Qair Polska has secured to date and will serve as the foundation for further development of wind, solar and storage, the company said. The new agreement enables the acquisition of the Rzepin and Linowo wind farms with a total capacity of 106MW. It also refinances the existing mezzanine financing from 2021. Qair Polska’s chief financial officer Damian Babka said: “The increased involvement of Brookfield is the result of the hard work of the entire Qair Polska team and proof of attractiveness of our business model. “We are now entering the next phase of renewable energy development in Poland.” Qair Polska said the agreement will provide the company with the opportunity for further expansion and refinancing of projects in the renewable energy sector. The new six-year junior debt facility was signed through Brookfield’s infrastructure debt platform. Brookfield’s senior vice president Mickael Deligny said: “We’ve been proud partners of Qair since 2021, when we first backed their Polish operations. “This latest transaction marks a significant step forward in our shared ambition to support the energy transition in Central Europe through thoughtful, long-term capital.” |
