The latest renewable energy news includes announcements on Polenergia, Green Genius, Econergy, and others.
Polenergia Secures PLN 1.35 Billion Financing for 276 MW Wind Farm Portfolio in Poland
Polish renewable-energy producer Polenergia has signed a conditional PLN 1.35 billion financing agreement, approximately €307 million, covering five operating wind farms with combined capacity of 276 MW. Announced October 30, the financing involves mBank, Bank Millennium, Erste Bank Polska, Bank of China Europe and China Construction Bank Europe. The package includes approximately PLN 1.252 billion in term loans, with PLN 740 million allocated to refinancing existing debt. Another PLN 99 million will support debt service reserves. The wind portfolio includes projects operated through the Grabowo, Mycielin, Szymankowo and other project companies. Loan repayments are scheduled no later than March 2041. Polenergia operates approximately 493 MW of onshore wind capacity in Poland.
Green Genius Raises €65 Million Through Green Bonds to Support 595 MW Renewable Energy Portfolio
Lithuanian renewable-energy company Green Genius has completed a €65 million green bond placement in the Nordic capital market. Announced October 30, the four-year bonds carry a floating coupon of three-month EURIBOR plus 8 percent annually. Proceeds will refinance subordinated construction loans and improve the company’s financing flexibility. The bonds are expected to be listed on Nasdaq Stockholm’s sustainable bond market. Green Genius currently operates 595 MW of solar, wind and battery storage assets and produces approximately 108 GWh of biomethane annually. Another 224 MW of solar and battery projects are approaching grid connection. The company has a 3.1 GW development pipeline and targets more than 1 GW of operational renewable capacity by 2030.
Econergy Acquires 106 MW Operational Battery Storage Portfolio in UK, Expands Capacity to 196 MW
Renewable-energy developer Econergy has acquired four operational battery energy storage projects in the United Kingdom with combined discharge capacity of 106 MW. Announced October 30, the transaction increases Econergy’s operational UK battery portfolio from 90 MW to 196 MW, covering six installations. The acquired assets currently provide one-hour storage, with potential expansion to three-hour duration. Econergy expects the portfolio to generate approximately $6.29 million in EBITDA during 2027, before additional storage upgrades. Its existing UK facilities include the 50 MW/100 MWh West Melton project and 40 MW/120 MWh Dalmarnock installation. Econergy has another 1.6 GW of UK battery projects under development and a European storage portfolio of approximately 5.9 GW.
