PEP obtains PLN 263 million loan for wind farm

Polish Energy Partners, a company controlled by one of the richest Poles – Jan Kulczyk, has signed an agreement with lender Bank Ochrony Środowiska for an investment loan of PLN 238 million. The loan will be used for the construction of a 36.8 MW wind farm called Skrupie in northern Poland. PEP will also receive PLN 25 million in loan designated for VAT payments. The investment is valued at PLN 278 million in total. The wind farm will consist of 16 wind turbines and is expected to generate 98,815 MWh of energy per year, enough to power 40,000 medium-sized households.