Financing of a wind park project in Sweden | |
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Lead NCP | Sweden |
Supporting NCP(s) | Germany |
Description | Specific instance notified by the NGO Saami Council regarding the activities of the German bank KfW IPEX-Bank in Sweden. |
Theme(s) | General policies |
Date | 16 Apr 2010 |
Host country(ies) | Sweden |
Source | NGO |
Industry sector | Financial and insurance activities |
Status | Not 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. |