Financing of a wind park project in Sweden
Lead NCPSweden
Supporting NCP(s)Germany
DescriptionSpecific instance notified by the NGO Saami Council regarding the activities of the German bank KfW IPEX-Bank in Sweden.
Theme(s)General policies
Date16 Apr 2010
Host country(ies)Sweden
SourceNGO
Industry sectorFinancial and insurance activities
StatusNot accepted
Summary

In April 2010 the German NCP received a request for review from the NGO Saami Council alleging that the German bank KfW IPEX-Bank had breached the general policies provisions of the Guidelines by its financing of the Markbygden wind park project in Sweden. The Saami Council claimed that the wind park was unsustainable and that the rights of the Saami people in Sweden were being violated. As Markbygden Project was taking place in Sweden the Swedish NCP accepted to take the lead on this specific instance, with the German NCP supporting the process.

After consideration of the facts, the Swedish NCP, in contact with the German NCP, decided that the request by the Saami Council should not be accepted for further consideration as a specific instance.