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    Signature(s)

    Amount
    € 50,000,000
    Countries
    Sector(s)
    Spain : € 50,000,000
    Energy : € 50,000,000
    Signature date(s)
    26/05/2010 : € 50,000,000

    Summary sheet

    Release date
    17 April 2009
    Status
    Reference
    Signed | 26/05/2010
    20090092
    Project name
    Promoter - financial intermediary
    Valencia Climate Change
    Instituto Valenciano de Finanzas
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 150 million.
    Up to EUR 300 million.
    Location
    Sector(s)
    Description
    Objectives

    Financing of multiple small and medium scale ventures within the plan developed by the Regional Government of Valencia for improving the efficient use of natural resources and energy in facilities belonging to the public sector.

    In the first phase, the project will consist of (a) the installation and operation of PV installations on the roofs of public schools; and (b) equipment to increase energy efficiency in public buildings (lighting and combined heat/cooling and power -tri-generation) as well as in street and traffic lighting.

    Environmental aspects
    Procurement

    This operation intends to bring environmental benefits by supporting projects that help to mitigate climate change. The individual schemes to be financed are likely to be small and are expected to have limited environmental impacts. It is unlikely that any of the projects is categorised as Annex II-type projects under the EIA Directive.

    The Bank will review systems and procedures applied by the promoter during appraisal, including compliance with relevant national and EU legislation, as defined by Procurement Directive 2004/17/EC, and publication in the Official Journal of the EU where appropriate.

    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).

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    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
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    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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