Polish renewable energy developer Qair has secured a PLN 575 million (€135 million) financing agreement with Brookfield Asset Management to support the acquisition of wind assets and further development of clean energy projects in Poland, the companies said on Thursday.
The six-year junior debt facility represents the largest project financing secured by Qair Polska to date. It will be used to acquire the Rzepin and Linowo wind farms, which have a combined capacity of 106 megawatts, and to refinance mezzanine financing obtained in 2021.
Qair Polska said the deal will help the company expand its footprint in Poland’s growing renewable energy market, with future investments planned in wind, solar, and storage technologies.
“The increased involvement of Brookfield is the result of the hard work of the entire Qair Polska team and proof of attractiveness of our business model,” said Damian Bąbka, chief financial officer at Qair Polska. “We are now entering the next phase of renewable energy development in Poland.”
Brookfield, which has partnered with Qair in Poland since 2021, provided the financing through its infrastructure debt platform.
“This latest transaction marks a significant step forward in our shared ambition to support the energy transition in Central Europe through thoughtful, long-term capital,” said Mickael Deligny, senior vice president at Brookfield.
Qair, which operates across several European markets, has identified Poland as a key growth area in its broader strategy to support the transition to low-carbon energy across the region.
