SANTANDER UK RENEWABLE ENERGY FRAMEWORK LOAN

Framework loan to finance onshore wind, dedicated biomass and solar photovoltaic renewable energy lending projects and energy-efficiency investments

The operation will contribute to EU energy and climate change objectives, notably reduction of greenhouse gas emissions.

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.

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.