Caldoris SME (EBRD-49234)

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
B
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
Oct 3, 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.
Borrower
Caldoris Polska Sp. z o.o.
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 11.98 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported PLN 44 million
Converted using 2017-10-03 exchange rate.
Project Cost (USD)
$ 11.98 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported PLN 44 million
Converted using 2017-10-03 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Oct 27, 2017

Disclosed by Bank Oct 3, 2017


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Project Description
This project provides funding to Caldoris Polska to accelerate the roll-out of rooftop photovoltaic panels for small and medium-sized enterprises.
Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Private Actors
Caldoris was originally established 7 years ago to develop the PV thermal collectors business. At that point solar collectors purchase was supported by an attractive subsidy scheme and the Company secured 20% market share in this segment. In 2016, the Company has successfully reshaped its business model into economically viable, environmentally efficient and support independent framework for SME clients. The new business model was recognised by the clients and during the first year Caldoris managed to acquire more than 300 clients totalling ca. 4 MW of capacity.
Contact Information
Urszula Baranowska, Communications Director u.baranowska@caldoris.pl +48 601-169-961 www.caldoris.pl 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.