Release date: 1 June 2018
Promoter – Financial Intermediary
PRIVATE ENTITY(IES)Location
Description
The project consists of linked risk-sharing and intermediated lending in support of mid-sized onshore wind and solar photovoltaic projects in France.
Objectives
This project aims to contribute to renewable energy targets in France and the European Union.
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 560 million
Total cost (Approximate amount)
EUR 1120 million
Environmental aspects
This operation is intended to generate environmental benefits by supporting projects that help mitigate climate change. The Bank will assess the capacity and procedures of the financial intermediaries (FIs) to be selected to ensure compliance with national and European environmental and biodiversity regulations as well as their capacity to support the Bank's public disclosure policy, which aims to facilitate access by the public to environmentally-relevant information.
Procurement
The Bank will require the FIs to ensure that contracts for the implementation of the projects shall be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2014/23/EU, 2014/24/EU and 2014/25/EU, where applicable, as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with the publication of tender notices in the Official Journal of the European Union, as and where required.
Status
Signed - 15/11/2018
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).