CO-OP Bank UK Renewable Energy Scheme
- Reference: 20110293
- Release date: 22 February 2012
The Co-operative Bank Plc
- United Kingdom
Framework loan to finance small and medium sized investments in the renewable energy and energy efficiency sectors in the UK.
The project concerns Co-op’s pipeline for the period 2012-2014. The size of the projects financed is expected to be under GBP 22 million.
The purpose of the proposed operation is to finance loans made by Co-operative Bank (“Co-op”) in the renewable energy and energy efficiency sectors targeting small onshore wind small hydropower and highly efficient cogeneration projects .
- Energy
GBP 150 million
Total cost (Approximate amount)Estimated at GBP 300 million
Environmental aspectsThe project sub-schemes would typically fall under Annex II of Directive 85/337/EEC (as amended by 97/11/EC and 2003/35/EC) on Environmental Impact Assessment (EIA), leaving it to the national environmental authority to determine whether a full EIA is required. The Bank will assess the financial intermediary’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, which aims at facilitating access by the public to environmentally relevant information.
The Bank will review systems and procedures applied by the financial intermediary 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.
Approved - 05/10/2012.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).
