The company has just reached another significant milestone on their path to zero emission, as it has secured funding for their first 35 MW wind farm to be constructed in Dzwola, the Lublin Province.

The project’s financial partners are: PKO Bank Polski, a leading Polish bank, which granted an investment facility of EUR 53.89 million and a VAT facility of PLN 32.3 million, and Sienna Private Credit, a French private debt specialist with a dedicated Energy Transition expertise, which granted a EUR 15.8 million loan. This transaction is the first investment of Sienna Private Credit in Poland. 

The erection of the Dzwola wind farm is an essential part of the Re Alloys Going Green strategy. Its key objective is to run its own renewable energy projects and to address 100% of energy needs by emission-free sources. The Re Alloys Going Green approach is the linchpin and hallmark of the measures we take for environmental protection. At the same time, it fits with the company’s social responsibility policy. Re Alloys is an enterprise of very high energy consumption, therefore the transition into renewable energy sources will give us a chance to avoid CO2 emission comparable to the emission of a city of hundreds of thousands of inhabitants. What is more, our own renewable energy sources will help us achieve energy independence, what, in turn, will translate into the growth of the company and maintaining high-quality jobs in times of uncertainty and a significant energy price increase.

On 7th December 2022, Wind Farm Łada, a subsidiary of Re Alloys, concluded an agreement with ONDE S.A. for construction works at the erection of a group wind power plants of the total of 10 turbines. The contract is worth PLN 44 million net.

The wind farm with the capacity of 35MW will be constructed in Dzwola, Lubelskie Voivodeship. The investment is a core element of the Going Green strategy implemented in Re Alloys. The strategy is designed to satisfy Re Alloys’ total energy consumption with the energy from renewable energy sources, and thus, to achieve zero-emission. The launch of the wind farm is planned for the second half of 2024.

ONDE S.A. is a leading RES infrastructure constructor in Poland, especially wind and PV farms.

On November 17, 2022, Wind Farm Łada, a subsidiary of Re Alloys, signed a contract with the Nordex Group for delivery and installation of ten wind turbines. The farm with a capacity of 35 MW will be built in Dzwola, near the city of Zamość. Commissioning of turbines is planned for early 2024.

This transaction is yet another element of Re Alloys Going Green strategy. Its main assumption is to fully cover Re Alloys’ energy needs from renewable energy sources, thereby achieve net-zero emissions.

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