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    Reference: 20120480
    Release date: 11 June 2013

    Promoter – Financial Intermediary

    Green for Growth Fund, Southeast Europe SA, SICAV-SIF

    Location

    Description

    An increase of EIB investment in the Green for Growth Fund, targeting energy efficiency and smaller renewable energy investments in the South-Eastern Europe and Eastern Neighbourhood regions.

    Objectives

    The fund’s mission is to contribute, in the form of a public-private partnership with layered risk-return structure, to enhancing energy efficiency and renewable energy in the targeted regions.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 25 million

    Total cost (Approximate amount)

    EUR 190 million

    Environmental aspects

    Most of the current and future projects do not fall under the EIA Directive 85/337/EC, as amended, in which case the projects would not be subject to an Environmental Impact Assessment (EIA). If an underlying investment would be subject to an EIA, the fund manager will be required to obtain the non-technical summary of it, and where relevant written confirmation from the competent authority that the investment will not have any significant negative impact on sites of nature conservation.

    Procurement

    The fund’s investment guidelines will be required to ensure that procurement procedures applied by the underlying investments financed by the fund are in line with the provisions of the relevant Directives and EIB requirements as applicable.

    Status

    Signed - 3/12/2013

    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).

    Related tags

    Armenia Albania Bosnia and Herzegovina Turkey Montenegro Moldova, Republic of Georgia Croatia Azerbaijan Ukraine Serbia North Macedonia Energy