Polish SME Sustainable Energy Financing Facility

Location:

Poland

Project number:

41468

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Target board date:

20 Jul 2010

Status:

Completed

PSD disclosed:

18 Jun 2010

Translated version of this PSD: Polish

Project Description

The EBRD is considering a framework operation of EUR 150 million under which credit lines will be provided by EBRD to financial intermediaries in Poland for on-lending to SMEs for energy efficiency and small-scale renewable energy investments.

Transition Impact

The Project will generate transition impact by demonstrating the benefits of energy conservation and promoting the expansion of energy efficiency investments in the SME segment in Poland.

The Project will help develop and demonstrate efficient and effective financing mechanisms for energy efficiency projects through new business models designed specifically to overcome aspects of energy efficiency projects considered risky and to reduce transaction costs.
The Project is also expected to transfer and build expertise, among both financial institutions and companies, related to energy efficiency, energy management and renewable energy investments.

The Client

Clients of the facility will be banks, leasing companies or other credit institutions. It is planned that clients will have extensive outreach into the SME segment and the institutional capacity and commitment to successfully establish a business line in energy efficiency financing as one of their key priority areas.

EBRD Finance

EUR 150 million in senior loans.

Project Cost

EUR 150 million.

Environmental Impact

Categorised FI. This project offers significant environmental opportunities as it will contribute to the reduction of greenhouse gases. All participating banks are required to comply with the requirements of EBRD’s Performance Requirement 2 (“PR”) on Labour and Working Conditions. All sub-loans under the credit lines will need to comply with the requirements of PR9. Sub-borrowers financed through the credit lines will be required to comply with national requirements for environment, health and safety and labour standards. Reporting on sub-projects and annual environmental and social reports will be provided by the participating banks. An independent consultant will be employed to review proposals and confirm compliance with national EHSL requirements.

Technical Cooperation

The Facility will be supported by a comprehensive technical assistance programme and incentive grant scheme to provide implementation support to participating financial intermediaries and sub-borrowers. Funding for the TC programme and incentive scheme is anticipated to be provided by the EU.
For consultant opportunities for projects financed by technical cooperation funds, visit procurement of consultants.

Company Contact

Teresa Godwin-Coombs
E-mail: godwint@ebrd.com

Business opportunities

For business opportunities or procurement, contact the client company.

 

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Project Complaint Mechanism (PCM)

The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.

Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.