Gestamp Wind Signs an Agreement to Finance the Construction of a Wind Farm in Poland

Date: 
05/Sep/2014
Category: 
Corporacion Gestamp, Gestamp Renewables, Gestamp Wind

Last 27th of June, Gestamp Wind signed an agreement to finance the construction of a wind farm with a capacity of 10 MW in Pawlow, Poland.

This funding, a 15-year loan for 12 million euros (75% of eligible project costs) will be a priority under the National Fund "Support for distribution and renewable energy." (NDOSIGW). The objective of this project is to increase the amount of electricity produced from renewable energy sources.

The project is based on the construction of a wind farm with five windmills and a maximum power of two megawatts each. It will be built in Szerzawy, Poland.

The start of construction is scheduled for the fourth quarter of 2014 and will start operating by the end of 2015.

Barbara Koszułap, Deputy Chairwoman of the National Fund and Dionisio Fernández Auray, CEO of Gestamp Wind attended to the contract signing.

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