Green Economy Financing Facility in Poland

Location:

Poland

Project number:

48529

Business sector:

Non-depository Credit (non bank)

Notice type:

Private

Environmental category:

FI

Target board date:

20 Sep 2017

Status:

Board Approved

PSD disclosed:

22 Mar 2017

Sub-projects signed under this framework

Translated version of this PSD: Polish

Project Description

The establishment of a Green Economy Financing Facility in Poland for Leasing with a total volume of EUR 350 million. Senior loans in EUR or PLN under the facility will be allocated over the course of the next three years to Participating Financial Institutions (PFI) in Poland for the provision of financing to Polish private businesses for high performance technologies and services supporting a green economy (GET investments).

The proposed Framework will be the first intermediated EBRD green economy financing framework in Poland.

Project Objectives

The facility is aimed at tackling the high energy and water consumption in the Polish private sector and expected to contribute to the following objectives: (i) improving the energy and resource efficiency of the Polish private sector; (ii) promoting high performance standards for technologies and services through intermediated financial instruments to support transition to green economy (GET technologies); (iii) demonstrating commercial viability of energy and resource efficiency investments to both private businesses and the financial sector.

Transition Impact

The main sources of transition impact will stem from the demonstration of commercial viability of resource and energy efficiency investments to private businesses and the financial sector, which is expected to contribute to the market expansion and transfer of skills in Poland.

EBRD Finance Summary

EUR 350,000,000.00

Total Project Cost

EUR 350,000,000.00

Environmental and Social Summary

Categorised FI. Under the Facility, all Participating Financial Institutions (PFIs), commercial banks and leasing companies will be required to comply with EBRD's Performance Requirements 2, 4 & 9; adopt appropriate E&S Risk Management Procedures relevant to their lending activities.

Technical Cooperation

None.

Business opportunities

For business opportunities or procurement, contact the client company.

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