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Poland: Qair secures financing for 36 MW Zimnodół photovoltaic power plant

Wrocław, February 15, 2024 – Qair Polska has secured financing for the fourth large-scale photovoltaic farm in the municipality of Zimnodol. Construction will commence in the second quarter of 2024, with debt financing provided by a PLN 77 million loan from PFR Investment Fund FIZAN (“PFR”).

The 36 MW photovoltaic farm in Zimnodole is a part of Qair Polska’s investment portfolio expansion, aiming to support companies in achieving climate neutrality. This strategy aligns with PFR’s mission to support strategic areas of the Polish economy.

Cooperation with PFR marks a new financing approach for us. Diversifying capital sources brings several advantages, including risk management and increased financing opportunities for future projects. This financing model also enables us to extend the benefits of energy transition to corporate energy customers without an investment rating, a group vital to the Polish economy but often lacking access to green energy, says Łukasz Zarzeczny, CFO of Qair Polska.

About Qair in Poland
Qair has been operating on the Polish market since 2015 and currently employs more than 100 specialists. The company’s portfolio of wind and PV assets includes: 388.5 MW of fully operational projects, 120 MW projects under development and more than 2.5 GW early-stage projects. Qair Polska offers energy sales to large businesses under long-term cPPAs. To date, the capacity of contracted capacity amounts nearly to 4 TWh on the 15-year horizon. For more information, please visit: polska.qair.energy

About Qair

Qair is an independent renewable energy company developing, financing, building, and operating solar, wind, waste-to-energy, storage and green hydrogen production assets.

With more than 1 GW of capacity in operation, the group’s 640 employees are developing a portfolio pipeline of 35 GW in 20 countries across Europe, Brazil and Africa. Our ambition is to become an independent leader in responsible energy.


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