Release date: 22 May 2012
Promoter – Financial Intermediary
BANCO SANTANDER SALocation
Description
Framework Loan with a de-linked risk sharing structure for the financing of investments by public entities and corporates in renewable energies (RE) and energy efficiency (EE), primarily in Spain but also in other EU Member States.
Objectives
The project is in line with the Bank’s priority energy lending objectives concerning renewable energy and energy efficiency.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 230 million
Total cost (Approximate amount)
EUR 460 million
Environmental aspects
This operation supports projects that help to mitigate climate change. All of the individual schemes presented in the initial pipeline are categorised as Annex II projects under the EIA Directive, which may require an environmental impact assessment. The Bank will assess the Financial Intermediary’s promoter’s capacity and procedures to ensure compliance with national and European environmental and biodiversity regulations as well as its capacity to support the Bank's Public Disclosure Policy.
Procurement
The Bank will require the Financial Intermediary Promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir 2004/18/EEC/ or 2004/17/EEC and Dir. 2007/66/EC), with parallel publication of tender notices in the EU Official Journal, as and where appropriate.
Status
Signed - 25/01/2013
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).