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Qair and infrastructure debt funds managed by Brookfield Asset Management sign PLN 85m mezzanine facility in Poland

Qair Polska and infrastructure debt funds managed by Brookfield Asset Management executed the eight-year facility agreement with total value of PLN 85m to finance the portfolio of 4 onshore wind and 29 solar power plants totaling 106 MW. The facility will be subordinated and supplementary to the PLN 479m senior loan agreement signed earlier this year by Qair Polska with a consortium of Santander Bank, PKO Bank Polski and BNP Paribas.

We are very excited about this agreement being one of the first facilities of such type executed in renewable energy sector in Poland. Partnership with Brookfield, which owns and operates one of the world’s largest pure-play private sector renewable energy businesses, is another confirmation of our ability to deliver quality projects, attractive for financial institutions. Strengthening and expanding our capital base will remain one of our priorities in the next couple of yearssaid Krzysztof Wojtysiak, CEO of Qair Polska.

We are very pleased to be supporting Qair in the growth of their renewable energy platform. This unique facility showcases our continued efforts in the renewable energy sector and our ability to help clients to optimise their capital structuressaid Ian Simes, Managing Partner, Brookfield Infrastructure.

The portfolio consists of Wisznice (30.0 MW), Rychwał (18.0 MW), Wądroże Wielkie (17.5 MW), Olszówka (12.8 MW) wind farms and 29 small photovoltaic projects up to 1 MW each. All projects won the 2019 RES auction in Poland. Currently, they are under advanced construction process expected to conclude in 2021 in case of photovoltaic and 2022 in case of wind assets.

About Qair Polska

Qair Polska is an independent power producer from renewable sources and part of international group Qair, present on the Polish market since 2015. Qair Polska employs close to 60 specialists and owns a portfolio of wind and photovoltaic projects including: 215 MW fully operational projects, 173 MW under construction/financing and 2.5 GW at earlier stages. Qair Polska develops its own projects, cooperates with external developers, and acquires projects at different stages of development.

About Brookfield Infrastructure

Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream and data sectors across North and South America, Asia Pacific and Europe. We are focused on assets that have contracted and regulated revenues that generate predictable and stable cash flows.

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