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    Reference: 20170880
    Release date: 26 June 2019

    Promoter – Financial Intermediary

    PGE ENERGIA ODNAWIALNA SA

    Location

    Description

    The project consists of a portfolio of three wind farms, Starza (44 MW), Rybice (22 MW) and Karnice II (22 MW), located 3-13 km from the Baltic coast in Poland, clustered and connected to the national grid.

    Objectives

    The development of onshore wind energy supports the EU and national targets for renewable energy generation and contributes to the Bank's renewable energy and energy efficiency objectives. The project is located in a cohesion priority region. The financing of this project contributes to the EIB's lending priority objectives on renewable energy as well as on climate action and social cohesion.

    Sector(s)

    • Energy - Electricity, gas, steam and air conditioning supply

    Proposed EIB finance (Approximate amount)

    PLN 272 million (EUR 63 million)

    Total cost (Approximate amount)

    PLN 545 million (EUR 127 million)

    Environmental aspects

    The project is fully consented following an environmental impact assessment process. The project is not expected to have a significant negative impact on the integrity of the nearby nature conservation sites.

    Procurement

    The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2014/25/EU), with the publication of tender notices in the Official Journal of the EU, as and where appropriate.

    Status

    Signed - 16/12/2019

    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).

    Related tags

    Poland Energy