Green Economy Financing Facility in Poland (EBRD-48529)

Countries
  • Poland
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Apr 26, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Sectors
  • Energy
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Mar 31, 2017

Disclosed by Bank Mar 22, 2017


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Project Description
This project involves 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). According to bank documents, 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.
Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Contact Information
ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.