Quadran Wind - Parzeczew (EBRD-51679)

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
Approved
Bank Risk Rating
U
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
Feb 12, 2020
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
Quadran International
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)
$ 5.12 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 20
Converted using 2020-02-12 exchange rate.
Loan Amount (USD)
$ 5.12 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 13.61 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 53.2
Converted using 2020-02-12 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Mar 7, 2020

Disclosed by Bank Dec 18, 2019


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Project Description

According to EBRD website, the project aims to  contribute to climate mitigation by adding wind generation capacity to the national energy system, increasing the share of renewable energy generation in Poland. In addition, the project will support the entry of a new player in the Polish renewable energy market. 

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Private Actors

The borrower is a private company incorporated in Poland established with the sole purpose of constructing, operating and managing the Parzeczew wind farm.

The Lucia Holding Group, via Quadran International, is the majority shareholder of the Borrowers. Lucia Holding is an experienced renewable energy developer and operator incorporated in France.

Contact Information

Ana DE LA MATA DE LA ISLA
a.delamata@lucia-holding.com
+33 (0) 4 11 95 11 10
+33 (0) 4 11 95 11 10
www.lucia-holding.com
@7 Center – Immeuble l’@ltis – 1er étage 521, rue Georges Meliès - 34000 Montpellier – France

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.