As stated by the EBRD, the project involves the provision of two senior secured loans to Baltic Sea Polska II sp. z.o.o. and C&C Wind sp. z.o.o., special purpose companies incorporated in Poland. The loan proceeds will finance the continued operation of the 37.5MW Orla windfarm (originally constructed and financed in 2015 and owned by C&C Wind sp. z.o.o.) and the construction and operation of the 31.5MW Grabkowo windfarm (owned by Baltic Sea Polska II sp. z.o.o.).
The Project will contribute to climate mitigation by adding 31.5MW wind generation capacity to the Polish national energy system. Wind and solar farms are critical to Poland in achieving its ambitious decarbonisation goals and their rapid development is key to diversifying away from hydrocarbon reliance. In addition, the Project will strengthen the private sector's role in the renewable energy sector in Poland.
As stated by the EBRD, Baltic Sea Polska II sp. z.o.o. and C&C Wind sp. z.o.o. are special purpose companies incorporated in Poland for the sole purpose of constructing and/or operating the Grabkowo and Orla windfarms. The Borrowers are 100% owned by Eurowatt Green Energy Group S.A. ("Sponsor"), an independent renewable energy producer established in 1994 and engaged in the development, construction and operations of on-shore renewable energy assets across Europe. The Sponsor operates a portfolio of approximately 500MW of renewables (mainly windfarms) across France, Belgium, Portugal, Spain & Poland and has a development pipeline of over 1.5GW.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Eurowatt Green Energy Group S.A.||Parent Company||Energy|
Client - Eurowatt Green Energy Group S.A.:
ACCESS TO INFORMATION
You can request information by emailing: email@example.com or by using this electronic form: https://www.ebrd.com/eform/information-request
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: firstname.lastname@example.org or you can submit a complaint online using an online form at: 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