(AGENPARL) – mer 12 aprile 2023 PRESS RELEASE
2023-172-EN
Warsaw, 12 April 2023
Poland: EIB Group and BNP Paribas Bank Polska broaden their cooperation and offer support to energy efficiency projects
The EIB has provided a loan of up to €100 million to BNP Paribas Bank Polska to finance projects supporting energy efficiency.
The EIB and BNP Paribas Bank Polska also signed a new guarantee agreement for a portfolio of €115 million under the Private Finance for Energy Efficiency (PF4EE) programme, a joint initiative of the European Commission and the EIB.
BNP Paribas Bank Polska (and its leasing subsidiary) will also receive advisory support under the EIB’s Green Gateway facility to build capacity in assessing and originating green projects.
The European Investment Bank (EIB) and BNP Paribas Bank Polska (part of BNP Paribas Group) have signed an agreement for up to €100 million to support energy efficiency projects in Poland. BNP Paribas Bank Polska is an established counterpart for the EIB, with multiple operations successfully undertaken and completed. The financing will strengthen BNP Paribas Bank Polska’s leadership in energy efficiency and green energy lending on the Polish market, with loans available to private individuals, housing associations, housing cooperatives, homeowners’ associations and other qualified parties undertaking energy efficiency projects.
At the same time, to further promote and support energy efficiency in Poland, the EIB and BNP Paribas Bank Polska signed a guarantee agreement to guarantee a portfolio of €115 million under the Private Finance for Energy Efficiency (PF4EE) programme, a joint initiative of the European Commission and the EIB supporting energy efficiency transformation in Europe. This is BNP Paribas Bank Polska’s second agreement under the PF4EE initiative, with the first, fully deployed agreement having supported more than 24 000 final beneficiaries for a total investment value of €180 million (PLN 860 million). This is enabling the generation of 117 600 MWh of electricity from renewable energy sources and saving 33 300 MWh of energy a year. This in turn translates into an annual CO2 emissions reduction of 96 000 tonnes.
Since the launch of the second agreement in August 2022, BNP Paribas Bank Polska has provided support to another 5 500 final beneficiaries for a total investment value of €53.5 million (PLN 251 million). This is enabling the generation of 35 500 MWh of electricity from renewable energy sources and saving 8 500 MWh of energy a year. This translates into an annual CO2 emissions reduction of 28 000 tonnes.
By the end of 2022, BNP Paribas Bank Polska and the EIB had provided support to over 30 000 final beneficiaries under the two agreements for a total investment value of €236 million (PLN 1.1 billion). This delivered the following green benefits (annual figures):
153 100 MWh of electricity produced from renewable energy sources
41 800 MWh of energy saved
CO2 emissions reduction of 124 000 tonnes
The PF4EE programme provides credit risk protection to commercial banks, expert support in assessing and implementing energy efficiency investments and a dedicated credit line from the EIB to improve the terms of funding.
In addition, BNP Paribas Bank Polska and its leasing subsidiary will receive additional advisory support (in the form of training and the development of support tools) under the Green Gateway facility, to build capacity in identifying, assessing and reporting on green projects.