Release date: 4 March 2020
Promoter – Financial Intermediary
ACOFI GESTIONLocation
Description
The project concerns a Fund providing debt to developers of small and medium sized renewable energy and energy transition projects across the EU, with a 50% focus on France.
Objectives
Predirec EnR2 is an infrastructure debt fund financing European renewable energy developers and producers, and energy transition projects' sponsors via long-term loans constituting an attractive and necessary alternative to traditional sources for their development projects and investment in new production capacities.
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 61 million
Total cost (Approximate amount)
EUR 300 million
Environmental aspects
The EIB will ensure that the Fund's operational guidelines comply with its social and environmental standards.
Procurement
The Fund has been assessed by EIB as lending only to private companies not being subject to EU rules on public procurement or concessions. However, if after the appraisal, the EIB were to conclude that the Fund also lends to projects subject to EU public procurement legislation, then the Bank would require the fund manager to ensure that contracts for the implementation of the projects financed by the Fund will be done in accordance with the EIB's Guide to Procurement.
Status
Signed - 30/07/2020
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).