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Signature(s)

Amount
€ 20,000,000
Countries
Sector(s)
Italy : € 20,000,000
Services : € 20,000,000
Signature date(s)
29/04/2010 : € 20,000,000
Link to source

Summary sheet

Release date
10 August 2009
Status
Reference
Signed | 29/04/2010
20090176
Project name
Promoter - financial intermediary
Sincrotrone Trieste Extension ERCF
Sincrotrone Trieste SCPA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 20 million.
EUR 40 million.
Location
Sector(s)
Description
Objectives

The project relates to the second phase of the FERMI@Elettra Free Electron Laser project, i.e. FEL-2 and concerns additional investments necessary to attain shorter wavelengths to facilitate molecular research on carbon- and oxygen- atomic level, study living tissues, and study the transition of, or magnetism in materials. In addition, the project envisages the construction of a tri-generation plant combining normal energy, valorisation of waste energy, and the use of solar panels and other sources of renewable energy. 

The objective of the tri-generation plant is the valorisation of waste energy of Sincrotrone Trieste’s operations, and, with the use of solar panels and other sources of renewable energy, to make  Sicrotrone Trieste “carbon neutral”.

Environmental aspects
Procurement

This project consists of two sub-projects. The first encompasses technical modifications to the Sincrotrone Trieste project, which was appraised by the Bank in 2004. This project was considered to fall outside both Annex I or II of Directive 97/11/EC and will not affect any Natura 2000 site. Regarding the second sub-project, the construction of the tri-generation, the decision and determination of the competent authorities as to whether an EIA will be required will be verified during the appraisal.

Sincrotrone Trieste S.C.p.A is a not-for-profit, public share company/consortium of national Interest owned by diverse public bodies. As such, the promoter follows the procurement directives relevant to the public sector.

Comments

The project is eligible under the Risk Sharing Finance Facility (RSFF). The Risk Sharing Finance Facility (RSFF) is an innovative credit risk sharing scheme jointly set up by the European Commission and the Euroepan Investment Bank to improve access to debt financing for private companies or public institutions promoting activities with a higher financial risk profile in the fields of research, technological development, demonstration and innovation investments.

Link to source

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).

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