Polish SME Sustainable Energy Financing Facility

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The EBRD is considering a framework operation of EUR 150 million under which credit lines will be provided by EBRD to financial intermediaries in Poland for on-lending to SMEs for energy efficiency and small-scale renewable energy investments. The Project will generate transition impact by demonstrating the benefits of energy conservation and promoting the expansion of energy efficiency investments in the SME segment in Poland. The Project will help develop and demonstrate efficient and effective financing mechanisms for energy efficiency projects through new business models designed specifically to overcome aspects of energy efficiency projects considered risky and to reduce transaction costs. The Project is also expected to transfer and build expertise, among both financial institutions and companies, related to energy efficiency, energy management and renewable energy investments. Clients of the facility will be banks, leasing companies or other credit institutions. It is planned that clients will have extensive outreach into the SME segment and the institutional capacity and commitment to successfully establish a business line in energy efficiency financing as one of their key priority areas. EUR 150 million in senior loans. EUR 150 million. Categorised FI. This project offers significant environmental opportunities as it will contribute to the reduction of greenhouse gases. All participating banks are required to comply with the requirements of EBRD’s Performance Requirement 2 (“PR”) on Labour and Working Conditions. All sub-loans under the credit lines will need to comply with the requirements of PR9. Sub-borrowers financed through the credit lines will be required to comply with national requirements for environment, health and safety and labour standards. Reporting on sub-projects and annual environmental and social reports will be provided by the participating banks. An independent consultant will be employed to review proposals and confirm compliance with national EHSL requirements. The Facility will be supported by a comprehensive technical assistance programme and incentive grant scheme to provide implementation support to participating financial intermediaries and sub-borrowers. Funding for the TC programme and incentive scheme is anticipated to be provided by the EU. For consultant opportunities for projects financed by technical cooperation funds, visit procurement of consultants. Teresa Godwin-Coombs E-mail: godwint@ebrd.com For business opportunities or procurement, contact the client company.