Quadran Wind - Udanin

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Overview

Provision of a senior loan to finance the development, construction and operation of a 50 MW portfolio of onshore windfarms in Udanin, Poland (the "project"). The borrower will be the special purpose company owning the wind farm: Farma Wiatrowa 5 Sp. z o.o (the "borrower").

Project ID 51678

Status Repaying

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

Ana DE LA MATA DE LA ISLA
a.delamata@lucia-holding.com
+33 (0) 4 11 95 11 10
+33 (0) 4 11 95 11 10
www.lucia-holding.com
@7 Center Immeuble l@ltis 1er étage 521, rue Georges Meliès - 34000 Montpellier France

Project ID 51678

Status Repaying

Location

Poland

Business Sector

Energy

Notice Type

Private

Approval Date

12 Feb 2020

Disclosure date

18 Dec 2019

Project description

Project objectives

The project will contribute to climate mitigation by adding wind generation capacity to the national energy system, increasing the share of renewable energy generation in Poland. In addition, the project will support the entry of a new player in the Polish renewable energy market.

Transition impact

ETI Score:60

project will target the "Green" quality by supporting the development, construction and operation of renewable energy in Poland.

Client information

QUADRAN INTERNATIONAL

The borrower is a private company incorporated in Poland established with the sole purpose of constructing, operating and managing the Udanin wind farm.

The Lucia Holding Group, via Quadran International, is the majority shareholder of the borrowers. Lucia Holding is an experienced renewable energy developer and operator incorporated in France.

EBRD Finance Summary

PLN 93,200,000.00

Provision of a long-term financing denominated in Polish Zloty. EBRD is expected to provide half of the debt portion alongside a commercial co-lender.

Total project cost

PLN 311,100,000.00

Confidential.

Environmental & Social Summary

Category B (2014). Environmental and social ("E&S") issues associated with the Project can be readily assessed and mitigated.

An independent environmental and social due diligence ("ESDD") was undertaken, which confirmed that Quadran International (the "Company") has good corporate governance and the capacity to fully implement the Bank's Performance Requirements ("PRs") and is in compliance with National and EU law. The ESDD focused on the Company's existing operations and the Project as well as corporate E&S management capacity and capabilities and resulting policies and procedures. The ESDD included site visits and review of local development plans as well as assessment of compliance with EU regulations and implementation of best practices.

The due diligence confirmed that no part of the Project is located in a sensitive area, such as Natura 2000 or residential areas, and that impact on birds and bats is expected to be limited. Nevertheless, to seek to limit further any impact, additional monitoring will be undertaken and mitigation measures will be implemented as needed. Noise will be monitored to ensure compliance with relevant regulations.

Overall, the ESDD confirmed that the Company's environmental and social governance is good. Best practice E&S governance requirements are reflected in corporate and site-specific Environmental and Social Action Plans ("ESAPs") that have been agreed with the Company. The Company has also agreed to increase its transparency and engagement activities at a corporate level, including engaging with recognised specialist biodiversity NGOs and reporting of non-financial information.

The ESAPs ensure that any future projects developed by the Company that would trigger Category A E&S requirements will be structured to meet EBRD's PRs. The Company has agreed to disclose relevant information on the Project and a Non-Technical Summary ("NTS") for future projects. Links to the NTS are provided below.

Information on the Project can be obtained on the

https://www.quadran-international.com/en/es-report/

The Bank will monitor the implementation of the Project and the ESAPs.

Company Contact Information

PSD last updated

18 Dec 2019

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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Quadran Wind - Udanin

Overview

Project timeline

Company Contact Information

Project description

Project objectives

Transition impact

Client information

EBRD Finance Summary

Total project cost

Environmental & 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)