Release date: 9 September 2025
Promoter – Financial Intermediary
SPECIAL PURPOSE ENTITY(IES)/FUNDLocation
Description
The framework loan will support the intermediary in financing renewable energy projects mainly carried out by private companies the Walloon region. The operation will be 100% dedicated to Climate Action and Environmental Sustainability (CA&ES).
Objectives
The aim is to provide loans to sub-projects in the renewable energy, energy storage, and related infrastructure sectors, while also addressing the market constraints faced by small and medium-sized enterprises (SMEs) as well as mid-caps in obtaining financing. EIB funds offer attractive and flexible terms, which will ease access to finance and thereby facilitate the implementation of eligible sub-projects. The project will generate environmental benefits and contribute to the EU's CA&ES objectives.
Sector(s)
- Industry - Manufacturing
- Energy - Electricity, gas, steam and air conditioning supply
- Transport - Transportation and storage
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EUR 135 million
Environmental aspects
This project will generate environmental benefits by supporting sub-projects that help mitigate climate change. Due to their technical characteristics, the individual sub-projects to be proposed under the project fall under Annex II of Directive 2011/92/EU amended by the Environmental Impact Assessment (EIA) Directive 2014/52/EU, leaving it to the national competent authority to determine whether an EIA is required, according to Annex III of the aforementioned Directive. The Financial Intermediary will need to have in place the necessary procedures to ensure that final beneficiaries implement the sub-projects receiving EIB financing in compliance with the national legislation and the relevant ElB's Environmental and Social Standards as well as international treaties and conventions signed and ratified by or otherwise applicable and binding in the country. The project will be appraised and monitored in line with the EIB's policies, including the Environmental and Social Sustainability Framework. The project is expected to contribute to CA&ES objectives, in particular to climate change mitigation and pollution prevention and control.
Procurement
The EIB will require the Financial Intermediary to take all requisite measures to ensure that any procurement procedures carried out by the final beneficiaries of the sub-projects that the EIB finances under this project are implemented in accordance with applicable EU procurement legislation, Directive 2014/23/EU, 2014/24/EU and 2014/25/EU, where applicable, as well as Directive 92/13/EEC and Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.
Status
Under appraisal - 5/06/2025