SANTANDER FL ENERGY EFFIC & RENEWABLES

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.

The project is in line with the Bank’s priority energy lending objectives concerning renewable energy and energy efficiency.

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.

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.