Financing facilities

Within the framework of the EIB External lending mandate priority should be given to projects which contribute to improving the energy supply and environmental protection. Borrowing counterparts will include both public sector entities (i.e. national, regional and municipal authorities and enterprises) and private sector companies.

Eligible projects in the energy sector will include expansion, modernisation and upgrading of infrastructure and procurement of equipment for (1) gas and oil transit networks leading to improved performance and increased safety and security of gas supplies to the EU; (2) oil and gas extraction facilities, where the EIB financing will focus on equipment and infrastructure specifically built for environmental protection purposes; (3) electricity generation plants and electricity transmission lines, which will bring substantial energy saving and environmental protection benefits.

Eligible projects in the environmental sector will include expansion, modernisation and upgrading of infrastructure and procurement of equipment for energy saving as well as schemes leading to a substantial improvement of the environment.

In addition, Central Asian countries are eligible under the Bank’s Energy Sustainability & Security of Supply Facility (ESF) for investment grade projects in renewable energy, energy efficiency, carbon capture, transportation or storage projects aiming specifically to reduce greenhouse gas emissions and projects contributing substantially to security of EU energy supply.

EUR 4.5 bn own risk Facility for Southern and Eastern Neighbour Countries (Russia eligible for climate action projects with a clear exclusion of energy infrastructure projects for securing EU energy supply), ACP countries, South Africa, and Asia and Latin America.