EBRD adopts new strategy for Poland

The European Bank for Reconstruction and Development has approved its new strategy for Poland. The institution will focus on three priority areas: promoting low carbon economy, enhancing the private sector role in the economy and assisting in the development of a sustainable financial sector and cap...

Locked content Darłowo wind farms get PLN 256 mln from EBRD

The European Bank for Reconstruction and Development (EBRD) said on Friday it would provide PLN 256 million in support for the final development phase of two wind farms in Darłowo in northern Poland. The Porzecze and Gorzyca wind farms will have a total capacity of up to 74 MW. They are part of a cl...

Locked content EBRD provides financing for Grudziądz wind farm

The European Bank for Reconstruction and Development has announced it would provide financing worth PLN 99.75 million for the construction and operations of a wind farm in Grudziądz, northern Poland. The wind farm, operated by renewable energy firm Green Bear, will have 13 turbines and a total capac...

Locked content EBRD may grant loan to Polenergia

The European Bank for Reconstruction and Development is considering a €119 million loan to Polish power utility Polenergia for wind farm development, according to a release quoted by Reuters. The wind energy facilities in question are due to have a total capacity of 206 MW. In November this year, th...

Locked content EBRD reduces stake in BZ WBK

The European Bank for Reconstruction and Development has sold 467,725 shares, standing for a 0.47-percent stake, in Poland’s third largest lender BZ WBK in an accelerated book-building process, the EBRD said in a press release on Thursday. As a result, the EBRD has reduced its holding in BZ WBK by 5...

Locked content EBRD launches new Polish renewable energy support plan

The European Bank for Reconstruction of Development has announced the approval by its board of directors of the Integrated Approach to Polish Renewables, which should provide some 500 MW of energy capacity by 2018. The new renewable energy units financed from the program are expected to account for ...

Locked content EBRD may co-finance TK Telekom sale

The European Bank for Reconstruction and Development has offered to co-finance the purchase of shares in TK Telekom by potential investors, railway group PKP said in a statement on Wednesday. PKP received a letter of intent from the EBRD suggesting such an option. The bank also informed potential in...

Locked content DCT Gdańsk gets financing from EBRD

The European Bank for Reconstruction and Development has announced it would provide some €31 million to marine container terminal DCT Gdańsk fro the construction of a second deep-water berth and the refinancing of existing debt, the EBRD said in a press release on Friday. The company will get loans ...

Locked content EBRD takes part in Raiffeisen bond issue

The European Bank for Reconstruction and Development has agreed to purchase bonds worth PLN 500 million issued by Raiffeisen Bank Polska as part of a PLN 2 billion issue, the EBRD said in a press release on Thursday. The deal is part of the Financial Institutions Debt Capital Market Framework for Po...

Locked content EBRD launches new sustainable energy program in Poland

The European Bank for Reconstruction and Development has announced the launch of the second Polish Sustainable Energy Financing Facility (PolSEFF2). The program will provide €200 million available to small and medium-sized enterprises via local banks. “The loans will finance investments to replace o...