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Summary sheet

Release date
7 August 2024
Status
Reference
Under appraisal | 25/06/2024
20240100
Project name
Promoter - financial intermediary
KRONOSPAN RENEWABLE ENERGY
ACCEPTABLE CORPORATE(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 150 million
EUR 226 million
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
  • Services - Transportation and storage
Description
Objectives

The project concerns the roll-out of ground-based and rooftop solar photovoltaic (PV) investments located on-site and off-site across the promoter's manufacturing sites in Central and Eastern Europe (Poland, Czech Republic, Slovakia, Austria and in Ukraine).

The aim is to allow the promoter to decrease the carbon footprint of its manufacturing sites by increasing electricity generation from solar PV plants.

Environmental aspects
Procurement

The programme schemes are expected to have limited environmental impacts. None of the investment schemes is expected to require an Environmental Impact Assessment (EIA) under Directive 2014/52/EU (amending Directive 2011/92/EU). The Promoter is expected to apply sound environmental and social management procedures.

The Promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement. The company applies private procurement procedures following good business practices.

Milestone
Under appraisal
Link to source

Disclaimer

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

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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