Poland's Onde secures debt for 32-MW solar project

• Onde SA secures PLN 87 million for Park Lewald solar park in Poland, with plans for further renewables growth. #sustainability #renewableenergy

Polish renewables contractor Onde SA has secured PLN 87 million in debt financing to build a 32-MW solar park in northeastern Poland. The project, named Park Lewald, is expected to be operational by April 2025. The financing was obtained from domestic lender mBank through Onde's subsidiary Park Lewald sp zoo.

Onde, a subsidiary of Polish builder Erbud SA, plans to use the external financing to complete the project and transfer ownership to a final investor. The company is also working on a wind project in the same area to take advantage of hybridization potential. Onde has already sold 60 MW of solar projects this year and aims to have 1.6-1.8 GW in its renewables portfolio in the next few years.

What is the expected completion date for Onde SA's 32-MW solar park in Poland?

• The expected completion date for Onde SA's 32-MW solar park in Poland, named Park Lewald, is April 2025.
  
• The project secured PLN 87 million in debt financing from domestic lender mBank through Onde's subsidiary Park Lewald sp zoo.
  
• Onde, a subsidiary of Polish builder Erbud SA, plans to use the financing to complete the project and transfer ownership to a final investor.
  
• The company is also working on a wind project in the same area to take advantage of hybridization potential.
• Onde has already sold 60 MW of solar projects this year and aims to have 1.6-1.8 GW in its renewables portfolio in the next few years.