Financing for wind projects requires collateral laws that provide the appropriate protections for lenders and the necessary flexibility for borrowers. Public registries of pledges and security interests in personal property are key to this process. They have moved from novelties to becoming commonplace in Central and Eastern Europe. Poland recently updated its relevant law, and the changes not only affect new secured lending, but also demand a review of existing deals. Consequently, lenders should feel more comfortable taking collateral in wind projects and, as market conditions improve, borrowers should find it easier obtaining secured financing.
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