EBRD sets up €350 mln program for Polish green projects

The European Bank for Reconstruction and Development has set up new €350 million framework to finance investments in energy and resource efficiency, renewable energy, water and waste management for local private businesses, the bank announced. The first loan under the scheme, new Polish Green Economy Financing Facility for Leasing (Poland GEFF Leasing) was given to BZ WBK leasing (€50 million) to finance investments in energy and resource efficiency, “We are very pleased to launch this new green facility and especially happy to do so with BZ WBK, a long-standing partner of the EBRD. This new approach will make funds available to support individual companies in making investments which will contribute to improving the environment. This new facility demonstrates how the EBRD can contribute to supporting Poland’s efforts to improve its environmental balance,” Noel Edison, EBRD Director and Head of Insurance, Financial Services and Financial Institutions said.