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    Signature(s)

    Amount
    € 18,424,482.09
    Countries
    Sector(s)
    Poland : € 18,424,482.09
    Energy : € 18,424,482.09
    Signature date(s)
    26/05/2020 : € 18,424,482.09

    Summary sheet

    Release date
    14 February 2020
    Status
    Reference
    Signed | 26/05/2020
    20190235
    Project name
    Promoter - financial intermediary
    LORDS LB 66 MW SOLAR PV PORTFOLIO
    UAB LORDS LB ASSET MANAGEMENT
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    PLN 82 million (EUR 18 million)
    PLN 200 million (EUR 44 million)
    Location
    Sector(s)
    • Energy - Electricity, gas, steam and air conditioning supply
    Description
    Objectives

    The project is part of an EIB Programme Loan (2018-0211) that includes a portfolio of 66 independent, small scale, land based photovoltaic (PV) plants. The PV plants, which have an individual nominal capacity of about <=1MW, totaling to ~66M, are geographically dispersed across central-northern Poland, covering areas in the West Pomeranian Voivodeship, Pomeranian Voivodeship, Warmian-Masurian Voivodeship and Kuyavian-Pomeranian Voivodeship, with a larger conglomeration in the first three regions.

    The development of PV plants supports EU and national targets for renewable energy generation and contributes to the EIB's renewable energy and climate action objectives, as well as to EFSI. Additionally, as investments are located in Poland, the project supports cohesion in the EU.

    Environmental aspects
    Procurement

    Based on the currently available documentation of the promoter, it appears that the environmentally relevant conditionality set out for the Programme Loan is met for this sub-operation and thus the project would be acceptable for EIB financing in environmental and social terms.

    The project will enjoy 15-year guaranteed offtake premium, determined by the Polish Energy Regulatory Office following a competitive public auctions. The support scheme under the Renewable Energy Act has received the European Commission's State Aid clearance. The promoter is a private company operating in the utility sector, therefore is not subject to the EU Public Procurement Directives, however it will be required to fulfil the principles of non-discrimination, transparency and fairness for its procurement operations.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - LORDS LB 66 MW SOLAR PV PORTFOLIO
    Publication Date
    24 May 2020
    Document language
    Main Topic
    Lending
    Document Number
    123547007
    Document Focus
    Environmental Information
    Project Number
    20190235
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - LORDS LB 66 MW SOLAR PV PORTFOLIO
    Publication Date
    24 Dec 2021
    Document language
    Main Topic
    Lending
    Document Number
    150776072
    Document Focus
    Environmental Information
    Project Number
    20190235
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    scoreboard - POLAND SOLAR POWER PROJECTS PROGRAMME
    Publication Date
    16 Nov 2018
    Document Language
    English
    Main Topic
    lending
    Document Number
    87276600
    Document Focus
    EFSI legal requirements
    Document Type
    Scoreboard
    Project Number
    20180500
    Last update
    16 Nov 2018
    Sector(s)
    Energy
    Publicly available
    Download now

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