Release date: 4 May 2015
Promoter – Financial Intermediary
INGETEAM SALocation
Description
Financing of Ingeteam's research, development and innovation (RDI) activities in the fields of renewable energy, smart grids, energy efficiency, and traction converters over a period of 4 years
Objectives
The project comprises the promoter’s investment in research, development and product/process innovation (RDI) related to electronic equipments for renewable energy, such as frequency converters, electric generators for wind turbines, inverters for photovoltaic parks and smart grids solutions as well as other electronic and control systems for electric propulsion.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 55 million
Total cost (Approximate amount)
EUR 117 million
Environmental aspects
The project concerns investment in research and development (R&D) activities that are expected to be carried out in existing facilities, in which case an environmental impact assessment (EIA) would not be required according to Directive 2011/92/EU. Full environmental details will be assessed during the appraisal.
Procurement
Procurement is expected to be in line with EIB guidelines for private-sector projects. The Bank’s services will verify details during the project’s due diligence.
Status
Signed - 5/11/2015
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).