PKO Bank Polski signed with Wind Farm Łada – a company belonging to Re Alloys and indirectly to the Luma Holding group – an investment loan agreement for the development of renewable energy in the amount of EUR 53.89 million and a VAT working capital loan in the amount of PLN 32.3 million, the bank announced . The financing will allow the construction of a wind farm in Dzwola.
“We are proud to support Re Alloys Sp. z o. o. and the Luma Holding capital group in the implementation of the renewable energy project, which is part of our policy of financing the development of renewable energy. As the largest Polish bank for corporations and business, we want to jointly counteract climate change and contribute to the transformation of the Polish energy system. This investment is another important step on the road to zero emissions,” said Andrzej Kopyrski, vice-president of the bank supervising the Business and Corporate Banking Area and Corporate Client, as quoted in the release.
The purpose of the financing is the construction of a 35 MW wind farm in Dzwola, in the Lubelskie Voivodship.
Re Alloys is the only manufacturer of ferroalloys in Poland and one of the largest plants of this type in Europe. It belongs to the Luma Holding Capital Group, which brings together companies from the metallurgical, technological and renewable energy sectors in its portfolio.
PKO Bank Polski is the leader of the Polish banking sector. The bank’s shares have been listed on the Warsaw Stock Exchange since November 2004. Total assets of the bank amounted to PLN 418.09 billion at the end of 2021.