Provision of a long-term senior secured loan of up to PLN 175 million (€38.9 million) to Contino Polska Sp. z o.o. and Contino Zeta Sp. z o.o., two Polish companies owned by DIF Capital Partners, for the acquisition, construction and operation of the Grajewo and Sulmierzyce wind farms of 40MW and 23.1MW capacity, respectively.
The project will contribute to climate change mitigation and Polish energy green transition by increasing the share of renewable energy generation in Poland and add 63.1 MW wind generation capacity to the national energy system. In addition, the project will strengthen the private sector's role in the renewable energy sector in Poland.
ETI score: 60
The project will target the "Green" transition quality by supporting the construction of two wind farms with a total installed capacity of 63.1MW. This capacity will replace coal-fired plants in the generation mix with expected associated CO2 savings of over 139.5 thousand tonnes annually.
CONTINO POLSKA SP ZOO
The borrowers (Contino Polska Sp. z o.o. and Contino Zeta Sp. z o.o.) are private companies incorporated in Poland, established with the sole purpose of constructing and operating the Grajewo and Sulmierzyce wind farms.
EBRD Finance Summary
The Bank's additionality stems from supporting renewable energy, which is particularly critical under the currently difficult market conditions.
Environmental and Social Summary
Categorised B in accordance with 2019 ESP. Development and operation of two wind farms, first with capacity of 23.1 MW comprising of 7 wind turbine generators (WTGs) of 3.5 MW each in Sulmierzyce and second one with capacity 40 MW comprising 12 wind turbine generators (WTGs) of 3.5 MW each in Grajewo. Site specific environmental and social impacts of the Project were assessed as part of due diligence. These can be minimised through implementation of mitigation measures and relevant monitoring and management techniques. Both sub projects were approved by relevant Competent Authorities in 2015, following EIA procedures with public engagement. The original permits were for 10 and 22 WTGs respectively. Ultimately, due to both social economic considerations, a smaller capacity than originally permitted will be installed and such smaller capacity obtained valid construction permits in 2016 and 2019. Both Projects have valid permits and are included in the local development plans.
An independent ESDD was undertaken which confirmed that each of the wind farms is compliant with national legislation and appropriate EIA process was undertaken in compliance with the EU EIA Directive, Habitats and Birds Directives, including those related to Appropriate Assessment. The Consultant also confirmed that the project and each wind farm is designed to meet EBRD PRs.
The ESDD included a review of the National EIAs and other documentation and activities related to project planning and included updated biodiversity surveys of both sites undertaken in May 2021 by independent ornithologists. The ESDD confirmed that the developer has the institutional capacity to implement the Bank's PRs.
The Grajewo sub-project is located in the rural area of Grajewo municipality, north- east Poland, mainly on agricultural land, with some meadow and pastures, outside of protected areas and is in compliance with local development plans. The closest Special bird protection zone Ostoja Biebrzanska (PLB200006) located 2.5 kilometres to the east from the closes turbine and Protected Landscape Area Wzgorza Dybowskie located 1.5 kilometres to the west. The ESDD and the updated biodiversity survey have confirmed that the project complies with EBRD PR6, the EIA was undertaken in line with Appropriate Assessment requirements and the project will not have an impact on the integrity of the Natura 2000 site, there are no Priority Biodiversity Features present on site and no Critical Habitats will be impacted. The Project area is not part of the migration corridor for birds. Despite proximity to the SPA (Special Protection Areas), the concentration of birds occurs at migratory corridor 15 kilometres away from the site. Protected bird species from Annex 1 to Birds Directive appear occasionally and are all species abundantly present in Poland. Bats present on site are common species observed abundantly in Poland. Some of the amphibians found are rare in Poland, although the sub-project will not impact their population status, mating or migration.
The Sulmierzyce sub-project is located in Sulmierzyce municipality in south-west Poland, mainly on agricultural land with some sparsely located trees and shrubs and is in compliance with local zoning plan. The project site is located in the proximity of a number of protected sites: Dabrowy Krotoszynskie (PLB300007) SPA and Uroczyska Plyty Krotoszynskiej (PLH300002) SAC (Special Area of Conservation) are located approximately 300 meters from the Project area, Ostoja nad Barzyca (PLH20041) SAC is located approximately 1.5 kilometres from the Project area, and Barycz Valley (PLB020001) SPA is 2.5 kilometres away. The N2000 areas have been set up for the procreation of bird species and grassland, meadow and riparian habitats. The ESDD undertook a detailed review of the available document and the status of protection of the Natura 2000 areas and concluded that the wind farm will not have a material impact on the integrity of the N2000 areas and their conservation objectives. With respect to birds, the ESDD confirmed that there are no permanent habitats or breeding grounds for key bird species in the Project area. There were no regular high concentrations of migrating birds and no foraging or roosting concentrations. Low concentrations of stationary, migratory and hunting birds of prey were observed during the field studies, however these are only found periodically and short-term. The EIA and the supplementary biodiversity assessment form 2021 concludes that the Project will not cause any significant negative consequences regarding key bird species. Bat assessment concluded that impacts on bat species are low. The ESDD confirmed the Project complies with PR6.
Both environmental permits refer to good construction practices, construction outside of the birds nesting and breeding period (1st March -31st August) and with supervision of the experienced ornithologist. The Operator will also carry out birds and bats mortality monitoring for three out of five years following the wind farm construction/operation and will report results regularly to the Lenders. Based on the results further mitigation measures (shut downs at specific times) may be imposed and are covenanted in the ESAP. Noise monitoring to be undertaken 2 months from the start of operations.
The closest residential developments are over 500 meters away from the wind farms. Based on the EIA and confirmed by the ESDD, noise and shadow flicker impacts are considered negligible; however, the noise monitoring post construction is required to confirm the findings. In case of any exceedances of night time values, operational restrictions at night will be imposed for WTG6, WTG7 at Sulmierzyce site. 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 ESAP has been developed to address risks mainly related to construction stage impacts, including development of detailed Traffic Management Plan and Construction EHS Management Plan; workforce labour and working conditions aligned with PR2; post construction noise and biodiversity monitoring, implementation of SEP and grievance mechanism. NTS and SEP have been developed for the Project and will be disclosed.
The Bank will monitor the project through review of AESRs and site visits as required.
Technical Cooperation and Grant Financing
Company Contact Information
Marieke Lely, Director
+31 6 20 05 01 53
PSD last updated
16 Jun 2021
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More information on the EBRD’s practices in this regard is set out in the ESP.
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Independent Project Accountability Mechanism (IPAM)
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