Greenvolt Power Group BESS II

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Overview

A senior secured loan of up to EUR 60 million in favour of two special purpose vehicles (the "Borrowers"), Magazyn EE Turosn Koscielna Sp. z o.o. ("Turosn BESS") and Magazyn EE Elk Sp. z o.o. ("Elk BESS"), located in Poland and directly owned by Greenvolt Power Group Sp. z o.o. ("Greenvolt Power").

Project ID 55738

Status Exploratory

Location

Poland

Business Sector

Energy

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Company Contact Information

Adrian Góralski
adrian.goralski@greenvolt.com
+48 500 231 200
www.power.greenvolt.com
Aleja Wyscigowa 6 02-681 Warsaw, Poland

Project ID 55738

Status Exploratory

Location

Poland

Business Sector

Energy

Notice Type

Private

Approval Date

28 Jan 2026

Disclosure date

08 Dec 2025

Project Description

Project Objectives

The loan proceeds will be used to finance the development, construction and operation of two standalone 200MW/800MWh battery energy storage systems ("BESS") located in Poland (the "Project"). The Project will ensure stability into the grid, essential for maximizing the integration of renewable energy.

Transition Impact

ETI score: 67

ETI 67

The Project targets the "Green" Transition Impact quality as the financing will be used to support a green economy transition in Poland by promoting stable integration of sustainable energy sources into Polish power markets and enhancing the grid stability through reducing the curtailment of existing renewables. The project is expected to be one of the first limited recourse financings for stand alone BESS in Poland.

Client Information

MAGAZYN EE ELK SP ZOO

Magazyn EE Turosn Koscielna Sp. z o.o.

Magazyn EE Elk Sp. z o.o.

The Borrowers are special purpose vehicles incorporated in Poland and established with the sole purpose of developing the Project.

The Borrowers are directly owned by Greenvolt Power, a renewable energy platform of Greenvolt - Energias Renovaveis, S.A. ("Greenvolt Group"), a Portuguese renewable energy group operating in Europe and in the US, mainly in the biomass, large scale wind, solar PV, and distributed power generation subsectors. Greenvolt Group is fully owned by KKR, a global investment firm incorporated in the United States and listed on New York Stock Exchange.

EBRD Finance Summary

EUR 30,000,000.00

Up to EUR 60,000,000 (approx. EUR 30,000,000 per each Turosn BESS and Elk BESS)

Total Project Cost

N/A

Additionality

The EBRD supports deployment of innovative technology in a newly established market that lacks relevant precedents, since the Project is the first large-scale BESS in Poland to be constructed and operating under the capacity market auction support scheme. The Project will also participate in the balancing market and thus include a significant merchant component. Long term project financing provided on such basis would indirectly reconfirm commercial viability of this business model. Furthermore, the Bank's presence enhances environmental standards, especially when driving improvements and ensuring sound and robust supply chain management practices.

Company Contact Information

Adrian Góralski
adrian.goralski@greenvolt.com
+48 500 231 200
www.power.greenvolt.com
Aleja Wyscigowa 6 02-681 Warsaw, Poland

PSD Last Updated

08 Dec 2025

Understanding transition

Further information regarding the EBRD’s approach to measuring transition impact is available here.

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with the EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

Environmental and Social Policy (ESP)

The ESP and its associated Environmental and Social Requirements (ESRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”. The ESP and the ESRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation, and to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about the environmental and social (E&S) performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD also requires its clients to disclose information, as appropriate, about the risks and impacts of projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.

More information on the EBRD’s practices in this regard is set out in the ESP.

Integrity and compliance

The EBRD's Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all of the Bank's activities in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The EBRD believes that identifying and resolving issues in the project assessment and approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts andhelps to monitor integrity risks in projects post-investment.

OCCO is further responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, either within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to compliance@ebrd.com. OCCO will follow-up all matters reported. It will review all matters reported. Reports can be made in any language of the Bank or of the Bank's countries of operation. The information provided must be made in good faith.

Access to Information Policy (AIP)

The AIP, which entered into force on 1 January 2025, sets out how the EBRD discloses information and consults with its stakeholders to promote better awareness and understanding of its strategies, policies and operations. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD enquiries form.

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (for example, through the client’s project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the mechanism is: to support dialogue between project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or the project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate and how to submit a Request for review. Alternatively, contact IPAM by email at ipam@ebrd.com for guidance and more information on IPAM and how to submit a request.

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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Greenvolt Power Group BESS II

Overview

Project timeline

Company Contact Information

Project Description

Project Objectives

Transition Impact

Client Information

EBRD Finance Summary

Total Project Cost

Additionality

Company Contact Information

PSD Last Updated

Understanding transition

Business opportunities

General enquiries

Environmental and Social Policy (ESP)

Integrity and compliance

Access to Information Policy (AIP)

Independent Project Accountability Mechanism (IPAM)

Greenvolt Power Group BESS II

Overview

Company Contact Information

Project Description

Project Objectives

Transition Impact

Client Information

EBRD Finance Summary

Total Project Cost

Additionality

Environmental and Social Summary

Company Contact Information

PSD Last Updated

Understanding transition

Business opportunities

General enquiries

Environmental and Social Policy (ESP)

Integrity and compliance

Access to Information Policy (AIP)

Independent Project Accountability Mechanism (IPAM)