Qair has secured funds to build three solar farms in Poland.
The company has secured a bank loan to develop the projects with a total capacity of 130MW.
The projects are based in Golczewo, Rokietnica and Pakość. It has been informed that these projects will enter operation in 2024.
The generated energy will be “sold to identified offtakers under long-term, corporate power purchase agreements (CPPAs),” a report mentioned.
According to the company, the agreement was inked with a consortium of Santander Bank Polska and PKO Bank Polski for loan.
“We are pleased to continue our cooperation with Santander Bank and PKO Bank Polski, which will enable us to develop our portfolio of projects made for long-term CPPAs,” Qair Polska chief executive Krzysztof Wojtysiak, was quoted in a statement.
He further stated, “We are extremely appreciative that representatives of both banks follow the changes in the renewable energy trading market with us and support our development."