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Signature(s)

Amount
€ 100,000,000
Countries
Sector(s)
Italy : € 100,000,000
Energy : € 100,000,000
Signature date(s)
23/10/2020 : € 100,000,000
Link to source

Summary sheet

Release date
13 August 2020
Status
Reference
Signed | 23/10/2020
20200397
Project name
Promoter - financial intermediary
IREN GREEN ENERGY LOAN
IREN SPA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 100 million
EUR 197 million
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

Financing of the Promoter's 2021-2025 investments to expand and renovate the district heating network in Torino.

The operation is structured as a programme of investments. The district heating investments will be carried out in the Piemonte area in the city of Torino over 130 km. The investment includes the expansion of the district heating network in areas not yet served, a heat storage facility and the renovation of existing pipes. The project will increase the operational efficiency and reliability of the network for a larger number of clients.

Environmental aspects
Procurement

The district heating network expansion is expected to fall under Annex 2 of the EIA directive (Directive 2014/52/EU amending the EIA Directive 2011/92/EU) depending by the length and components an EIA is required. The EIAs are required for the components Torino Nord-Est and Torino Saturation.

The Bank will require the Promoter to ensure that contracts for the implementation of the project have been or will be tendered in accordance with the relevant applicable EU procurement legislation, Directive 2014/23/EU / 2014/24/EU, where applicable, as well as Directive 92/13/EEC or Directive 89/665/EEC, as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.

Related projects
Link to source
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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).

Documents

Environmental and Social Data Sheet (ESDS) - IREN GREEN ENERGY LOAN
Publication Date
2 Oct 2020
Document language
Main Topic
Lending
Document Number
132164353
Document Focus
Environmental Information
Project Number
20200397
Sector(s)
Regions
Countries
Publicly available
Download now

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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