Translated version of this PSD: Polish
Provision of a senior long-term loan to finance the development, construction and operation of the 38 MW Szymankowo wind farm in northern Poland (the "Project"). The Project has been developed by Polenergia Farma Wiatrowa Szymankowo 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 Szymankowo Sp. z o. o. (the "Borrower"), established to develop, construct and operate the Szymankowo 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 38 MW wind generation capacity to the national energy system. This is expected to generate ca 85 thousand tonnes of CO2 emission savings per annum. In addition, the Project will strengthen the private sector's role in the renewable energy sector in Poland.
The Project targets the Green TI Quality through the addition of 38MW of renewable capacity to the Polish energy system. This capacity will displace coal-fired plants in the generation mix with expected associated CO2 savings of ca 85,000 tonnes annually.
POLENERGIA FARMA WIATROWA SZYMANKOWO SP Z OO
The Borrower is a private company incorporated in Poland, established with the sole purpose of constructing and operating the Szymankowo 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.
Environmental and Social Summary
Categorised B in accordance with 2014 ESP. Development and operation of a wind farm with a total capacity of 38 MW comprising of 11 wind turbine generators (WTGs), underground power transmission line (12 km long) and main electrical substation is likely to have site specific environmental and social impacts, which can be minimised through implementation of mitigation measures and relevant management techniques. The project has been approved by relevant Competent Authorities in 2015, following an EIA procedure with public engagement. The original permit was for 20 WTGs, however, for economic reasons the Company has decided to develop a wind farm with smaller capacity than permitted and obtained a valid construction permit in 2016. The Bank has a long term relations with the Sponsor who has been fully implementing a corporate ESAP first agreed in 2013 and updated in 2016.
An independent ESDD was undertaken which confirmed that the Project is complaint with national legislation and appropriate EIA process was undertaken in compliance with the EU EIA Directive and that the project is structured to meet EBRD PRs. The ESDD also confirmed that the Developer has the institutional capacity to implement the Bank's PRs and has been implementing Environmental and Social best practice, in line with National standards, best industry practice and the Bank's Performance Requirements.
The Project is located in the rural area of Miloradz in northern Poland; outside of protected areas, with the closest Special birds' protection zone 'Dolina Dolnej Wisly' (PLB040003) and Srodkowozulawski Landscape Protection Zone located approximately 3.3 km to the west of the nearest planned WTG. The Project is in compliance with Local Zoning Plan, which has undergone an Strategic Environmental Impact Assessment (SEIA) in 2013, and will be developed in the area currently used for agricultural purposes and designated for construction of a wind farm. Biodiversity surveys undertaken in 2007/2008 and again in 2013/2014 have concluded that the site planned for development is of low attractiveness to birds as a breeding/nesting area. The site is also not extensively used during spring and autumn migrations and results conclude it is not located in a sensitive area or will impact protected species. Bat assessment concluded that impacts on bat species are low. Based on the EIA and permit a shut-down of two WTGs (No 13 and No1) under defined conditions outlined in the permit to limit risk of collisions with white-tiled eagle and bats respectively. The Operator will also carry out birds and bats mortality monitoring for 5 years following the wind farm construction and will report results regularly to environmental authorities. Based on the results further mitigation measures (shut downs at specific times) may be imposed.
The closest residential developments are over 680meters away from the wind farm. Based on the EIA and confirmed by the ESDD, noise and shadow flicker impacts are considered negligible. Ice/blade throw risk is minimised by low use of rural (dirt track) roads surrounding the development. Developer has reached long term agreements for the land lease from the local community. The Project is located approximately 6.5km from the Teutonic Castle in Malbork, a UNESCO World Heritage site and turbine locations were selected based on consultation with the authorities to mitigate potential adverse effects on the site.
The ESAP has been developed to address risks related to construction stage impacts, including development of detailed Traffic Management Plan and Construction EHS Management Plan, post construction noise and biodiversity monitoring, implementation of SEP and grievance mechanism. A Non-Technical Summary of the ESDD finding is available under the link below in English and Polish. The Bank will monitor the project through review of AESRs and site visits as required.
Company Contact Information
+48 22 522 3914
For business opportunities or procurement, contact the client company.
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Tel: +44 20 7338 7168
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