Release date: 4 November 2013
Promoter – Financial Intermediary
SANTANDER UK PLCLocation
Description
Framework loan to finance onshore wind, dedicated biomass and solar photovoltaic renewable energy lending projects and energy-efficiency investments
Objectives
The operation will contribute to EU energy and climate change objectives, notably reduction of greenhouse gas emissions.
Sector(s)
Proposed EIB finance (Approximate amount)
GBP 200 million (EUR 244 million)
Total cost (Approximate amount)
GBP 575 million (EUR 700 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 Environmental Impact Assessment (EIA) Directive, which would require a mandatory environmental impact assessment. 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.
Procurement
The Bank will require the financial intermediary to ensure that contracts for the implementation of the project have been/shall be tendered by final beneficiaries in accordance with the relevant applicable EU procurement legislation (Directive 2004/18/EC and/or 2004/17/EC and Directive 2007/66/EC (amending Directives 1989/665/EEC and 1992/13/EEC) and Decision 2006/211/EC), with parallel publication of tender notices in the Official Journal of the EU, as and where required.
Status
Signed - 24/07/2017
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).