Provision of two long-term senior secured loans available to Gaberpoint Investments sp. z o.o Banie 3 sp.j. and Derickar Investments sp. z o.o. Eneal sp.j (the "Borrowers") to finance development, construction and operation of two wind farms: 81.4MW Banie Phase 3 wind farm located in the north-western Poland and the 44 MW Sepopol wind farm located in north-eastern Poland (together, the "Project"). The Project has been developed by Energix Polska Sp. z o.o, (the "Developer"). The Borrowers and Developer are owned by Energix Renewable Energies Ltd., an Israeli renewables company publicly listed on the Tel Aviv Stock Exchange, and operating internationally.
The Project will contribute to climate mitigation by adding 125.4 MW wind generation capacity to the Polish national energy system. In addition, the Project contributes to strengthening of the private sector's role in the renewable energy sector in Poland.
ETI score: 60
The Project targets the "Green" Transition Impact quality by supporting the construction of two wind farms with a total installed capacity of 125.4MW. This capacity is expected to replace coal-fired plants in the generation mix and consequently result in associated CO2 savings of over 258,400 tonnes annually. For part of the expected generation volume, the Project has was awarded support in December 2019 auctions under the Polish Contract for Difference support scheme
GABERPOINT INVESTMENTS SP ZOOBANIE 3
Gaberpoint Investments sp. z o.o Banie 3 sp.j. is a private general partnership company incorporated in Poland, created for the sole purpose of constructing and operating the Banie 3 windfarm.
Derickar Investments sp. z o.o. Eneal sp.j.is a private general partnership company incorporated in Poland, created for the sole purpose of constructing and operating the Sepopol windfarm.
EBRD Finance Summary
Total Project Cost
Environmental and Social Summary
The Project consists of two windfarms: the Banie 3, which has been categorized as A category, and Sepopol, which has been categorized as B. The details are below:
Banie 3. Categorised A (ESP 2019). The Banie Phase 3 windfarm is the subsequent phase of an existing Banie wind farm complex, located in north-western Poland. Earlier two phases of this complex were financed by the Bank in year 2012 (DTM 47932). Banie Phase 3 will add 37 turbines (additional 81.4 MW) to the existing 106 MW wind farm complex. The Banie Phase 1 and Phase 2 as well as Banie Phase 3 have been categorized A due to cumulative impacts. For Banie Phase 3 wind farm the Developer has prepared an Environmental and Social Impact Assessments (ESIA) disclosure package, which was disclosed on the Bank's website on 5th February 2021, in line with the Bank's Performance Requirements and 60 day public disclosure period requirement.
An Environmental and Social Due Diligence (ESDD) was undertaken by an independent consultant, who confirmed that the Banie Phase 3 wind farm is structured to comply with the Bank's Performance Requirements (PR's) and that the Developer has the institutional capacity to implement the Bank's PRs.
All three phases of Banie wind farm complex have been permitted by the relevant competent authorities and no objections or issues have been raised to date by third parties. The Banie Phase 3 wind farm will not impact residential areas, and noise modelling has not shown any noise exceedance. The ESIA disclosure package included a cumulative assessment of all three phases and the ESDD confirmed that the Bank funded Banie Phase 3 wind farm is compliant with the Bank's PRs and will likely not impact Natura 2000 areas. There is an on-going assessment undertaken by the Borrower as well as required under existing permits and the Bank agreed ESAP to assess potential impacts to the white tailed eagle population in the region. The Banie Phase 3 wind farm will not impact residential areas, and noise modelling has shown compliance with national and EU legal requirements. This have been verified as part of commissioning audits for Banie Phase 1 and Phase 2 and will be further confirmed for Banie Phase 3 during operation, by implementing noise monitoring programs. All land acquisition has been undertaken based on voluntary contracts and the Banie wind farm design is in line with the local development plans. No significant labour issues were identified. Developer is considering 56MW additional project in the area. The Developer will undertake appropriate assessment inclusive of cumulative assessments and obtain relevant permits as required by national and EU legislation.
The ESDD confirmed that the the Developer has been implementing the existing ESAPs for previous phases, inclusive of on-site avifauna (birds and bats) monitoring and no material issue have been identified. Construction of existing wind farms in Banie complex has been well managed to date and no EHS incidents have been reported. Stakeholder engagement activities have been aligned to social distancing and other communication restrictions caused by COVID-19. Based on the ESDD the ESAP has been updated and includes, and contains actions to further monitor the impacts of projects on avifauna, noise and communities including the use of the grievance mechanism and ensuring H&S applied during construction process.
An ESIA disclosure package for Banie Phase 3 wind farm is available on the Energix Polska website under https://www.energixpolska.com/banie-3-docs and Bank website https://www.ebrd.com/work-with-us/projects/esia/energix-banie-phase-3-wind.html
The Bank will continue to monitor the implementation of the Banie 3 wind farm.
Sepopol. Categorised B (ESP 2019). The Sepopol windfarm is the development of a medium sized windfarm comprising of 20 wind turbines and associated project components, located in the area of Rozyna and Sepopol in the Warminsko-Mazurskie Voivodship, in north-eastern Poland.
An Environmental and Social Due Diligence (ESDD) has been undertaken by an independent consultant confirmed that the Sepopol wind farmis structured to comply with the Bank's Performance Requirements (PR's) and the Energix Polska Sp. z o.o. has the institutional capacity to implement the Bank's PR's.
The ESDD confirmed that the land has been acquired based on willing buyer seller agreements and the Sepopol wind farm is consistent with the local development plans. The local commune will receive payments for each turbines in line with the Polish building code.
The ESDD identified that part of the site (9 turbines) are located in a Natura 2000 site Ostoja Warminska (PLB280015), Special Protection Area (Birds Directive) and 2 km North-West of Warmia IBA site. The Sepopol wind farm has been approved by the National Competent Authorities and valid development and construction permits are in place. The stand-alone Appropriate Assessment has not been required by the Competent Authorities. The ESDD included additional biodiversity/bird studies and impact assessment, including additional ornithological review and confirmed the conclusions of the preliminary studies undertaken at the permitting stage, that the Sepopol wind farm does not raise potential impacts on integrity of Natura 2000 site or Critical Habitat. This has been confirmed by ongoing monitoring.
The Developer committed in the ESAP to appointing an independent ornithological expert to continue with avifauna surveys (birds and bats) throughout construction and operation over the next 3 years (to be potentially extended based on the findings), implementing a fatality (carcass) monitoring program and based on these developing additional mitigation measures in line with national guidance, the 2020 EU Guidance document on wind energy developments and EU nature legislation as required. The ESAP commits the Developer to development and implement the shutdown protocol as and when required, based on the continued avifauna monitoring, and contains actions to further monitor noise and impact on communities including the use of the grievance mechanism and ensuring H&S applied during construction process. Stakeholder engagement activities have been aligned to social distancing and other communication restrictions caused by COVID-19.
An NTS has been developed for the Sepopol wind farm and can be obtained at Bank website https://www.ebrd.com/what-we-do/project-information/environment-social-info-documents/1395296688636/Sepopol_NTS_(English).pdf as well as ESIA disclosure is available on the Energix Polska Sp. z o.o website https://www.energixpolska.com/copy-of-banie-3-docs
The Bank will continue to monitor the implementation of the Sepopol wind farm.,
The Company has been implementing the Project in line with existing ESAP. Reports will be made available on the Company web site
In 2021/2022 the Company is developing a new project in the near vicinity of Banie (Zelechowo Project) with the addition of 16 wind turbines, under a separate SPV project. In line with agree ESAP a cumulative assessment has been undertaken.
The NTS for this is available here: https://www.ebrd.com/work-with-us/projects/esia/energix-banie-phase-3-wind.html
And Energix has updated the local disclosure here: https://pl.energixpolska.com/copy-of-banie-3-docs-1
Technical Cooperation and Grant Financing
Company Contact Information
Plac Stanisława Małachowskiego 2, 00-066 Warszawa, Poland
PSD last updated
22 Dec 2021
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