Provision of a senior long-term loan to finance the development, construction and operation of the 121 MW Debsk wind farm in northern Poland (the "project"). The project has been developed by Polenergia Farma Wiatrowa 3 Sp. z o.o. ("Developer"). Construction works are expected to be completed in 2021.
The loan is to be made available to Polenergia Farma Wiatrowa 3 Sp. z o. o. (the "borrower"), established to develop, construct and operate the Debsk wind farm. The borrower is owned by Polenergia S.A. (the "sponsor").
The project will contribute to climate mitigation by increasing the share of renewable energy generation in Poland and add 121 MW wind generation capacity to the national energy system.
ETI score: 60
The project targets the Green TI Quality through the addition of 121MW of renewable capacity to the Polish energy system. This capacity will displace coal-fired plants in the generation mix with expected significant CO2 emission savings, currently estimated at around 250 thousand of TCO2 per annum (to be verified at the due diligence stage).
POLENERGIA FARMA WIATROWA 3 SP ZOO
The Borrower is a private company incorporated in Poland, established with the sole purpose of constructing and operating the Debsk wind farm.
EBRD Finance Summary
Provision of a long-term financing denominated in Polish Zloty. EBRD is expected to provide debt alongside commercial co-financiers, while equity necessary for the Project is expected to be provided by the Sponsor.
Total Project Cost
Environmental and Social Summary
Categorised A (2014 ESP). The project is the development of a greenfield windfarm of 121MWe capacity in central Poland (Mazovian Voivodship) by Polenergia consortium. This will comprise 55 wind turbine generators (WTGs) with individual turbine capacity of 2.2 MWe, with medium voltage underground power lines, internal roads, manoeuvring yard and substation with high-voltage underground power transmission lines. The Project has been approved by relevant Competent Authorities in 2011, following an EIA procedure with public consultation. Construction permit was received in 2016 (subsequently extended in 2018). Initially 68 WTGs were planned, following further reviews and taking into consideration capacity limitations as well as impacts on birds and bats the final number of WTGs was reduced to 55. The developer has reached long term agreements for the land lease through voluntary negotiations with the land owners. The Project will not be associated with resettlement or livelihood loss and is fully compliant with the local development plans. The Bank has a long term relationship with the Sponsor who has been fully implementing a corporate ESAP first agreed in 2013 and updated in 2016. As part of the implementation of the ESAP the Company has strengthened its EHS management system inclusive of management of contractors and on site H&S.
Independent ESDD was undertaken, which confirmed that the Project is compliant with national legislation and the Bank's PRs and an appropriate EIA process was undertaken in compliance with the EU EIA Directive. The Bank's ESDD included a supplementary E&S assessment to update/supplement a number of the studies to meet the Banks PRs and addressed among others: shadow flicker effect assessment, ice/blade throw risk, impacts on transportation routes, updated baseline biodiversity surveys for birds and bats, updated noise modelling and cumulative impact assessment with nearby existing and planned developments. In addition the Supplementary E&S Analysis Report, the Stakeholder Engagement Plan (SEP), Non-Technical Summary (NTS) and Environmental and Social Action Plan (ESAP) have been updated and developed for the project and disclosed in line with best practice.
The full disclosure package was made available on March 26th 2020 in the local authorities' offices in the two affected communes and information about accessing it has been provided through local press and media, the documents were in addition disclosed on Company's website and comments are expected within 60 days. Stakeholder engagement activities have been aligned to social distancing and other
communication restrictions caused by COVID-19 and will be finalised by the end of May 2020.
The Project location complies with two Commune Development Master Plans and three Local Zoning Plans, two for Zuromin and one for Kuczbork-Osada communes. Currently the area is used for agricultural purposes and it is surrounded with arable fields, forested areas or meadows. Prior to obtaining a development permit from the competent authorities the Sponsor undertook an assessment of alternative location and layout of the wind turbines. As result the final layout excludes the most sensitive areas, including from avifauna perspective (one wind turbine was moved and another two will not be built).
The area of the investment is located outside Natura 2000 areas or other strictly protected areas and not located close to sensitive receptors. Independent ornithologists have confirmed that the areas is not sensitive to birds and is not an attractive feeding ground, migration route or regular passages to feeding grounds or roosting places. The nearest Nature 2000 site is a birds' special protection zone 'Dolina Wkry i Mlawki' (PLB140008) located approximately 1.0 km to the west of the nearest WTG. The ESDD confirmed that the Project will not have an impact on this protected area. Bats were identified mainly along local roads, particularly between Zielona and Kuczbork villages. Taking into account the protection status of the species, all these are included in a group with low risk of quantity change and therefore with no need of undertaking significant conservations measures. An 2019 additional survey confirmed that the character of the wind farm terrain has not changed and that the area attractiveness for birds and bats has remained the same as in the previous investigations. Results of birds and bats observations from 2019 confirmed conclusions of the monitoring undertaken in the past. The ESDD has confirmed the that the Project is compliant with PR6. The Environmental Decision includes a number of requirements, such as post construction monitoring of birds for 5 years, which have been carried through into the ESAP. The Sponsor will also undertake additional monitoring bats and undertake carcass surveys.
The high-voltage underground power line (PTL) will traverse the 'Dolina Wkry i Mlawki' Natura 2000 site. This has been approved with the Competent Authorities. The developer has undertaken detailed biodiversity inventory of the route and assessed potential impacts In line with EU and best practices, and mitigation measures for construction period was developed. This includes supervision of all works by an ecologist, works to be undertaken outside of breeding season, groundwater protection measures, a set of amphibians and reptiles protective measures, which are reflected in the ESAP.
Project impacts relating to noise, electromagnetic frequency and shadow flicker effect were analysed as well as cumulative impacts with other investments in the area. Detailed analysis of the ice or blade throw risk indicated that some local roads in the vicinity of the wind farm are potentially within the throw range. In order to mitigate the risk of Ice/blade throw, the Company will develop an Ice Throw Mitigation Plan which will address a need for safe operation of WTGs which may affect some roads.
The ESAP developed for the project transposes specific requirements stated in the Environmental Permit, requires the Sponsor to develop Traffic Management Plan, Throw Mitigation Plan, implement visual impact mitigation measures, undertake stakeholder engagement and implement a grievance mechanism in accordance with the Stakeholder Engagement Plan, and conduct and report on post construction noise, birds and bats monitoring.
Stakeholder engagement activities have been aligned to social distancing and other communication restrictions caused by COVID-19 and will be finalised by the end of May 2020. The Bank will monitor the project through the review of the Annual Reports on ESAP implementation as well as site visits as required.
Technical Cooperation and Grant Financing
Company Contact Information
tel: +48 22 522 39 00
Polenergia SA ul. Krucza 24/26 00-526 Warszawa
PSD last updated
05 Jun 2020
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