Release date: 15 November 2016
Promoter – Financial Intermediary
BANCA POPOLARE DELL'EMILIA ROMAGNA SCLocation
Description
The framework loan will finance small-scale investments targeting energy efficiency measures mainly in the private sector and in particular for small and medium-sized enterprises (SMEs) in Italy. The proposed operation relates to the Private Finance for Energy Efficiency (PF4EE) financial instrument.
Objectives
PF4EE was established under the umbrella of the Bank's DEEP Green initiative, which aims to scale up financing for energy efficiency across a range of channels, including stimulating financial intermediaries into focusing more of their lending on energy efficiency projects. The PF4EE loan targets the financing of energy efficiency and small renewable energy investments mainly in the private sector. More specifically, projects targeted will generate energy savings and enhance energy efficiency in buildings or production facilities mainly in Italy. It will thus support national and European targets in these two areas and, as a result, supports the EU's climate change mitigation and security of energy supply objectives.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
EUR 67 million
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 22/12/2016