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    Signature(s)

    Amount
    € 50,000,000
    Countries
    Sector(s)
    France : € 50,000,000
    Energy : € 50,000,000
    Signature date(s)
    8/11/2010 : € 50,000,000

    Summary sheet

    Release date
    17 March 2010
    Status
    Reference
    Signed | 08/11/2010
    20090340
    Project name
    Promoter - financial intermediary
    Sechilienne-Sidec Energie Renouvelable

    Promoter : Sechilienne-Sidec
    Borrower : BNP Paribas SA, Crédit Agricole SA, Other Acceptable Banks

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 200 million.
    EUR 400 million.
    Location
    Sector(s)
    Description
    Objectives

    Investment programme including the construction and operation of roof-top and ground-based solar PV plants in the French Overseas Departments of Guadeloupe, Guyane, Martinique, Mayotte and La Réunion. Total installed capacity is estimated at 90 MW.

    The project will contribute to national and European targets for renewable energy generation and thus contributes to environmental and security of energy supply objectives. It will contribute as well to the deployment of one of the priority technologies identified in the European Strategic Energy Technology Plan. In addition, the project will also contribute to the economic development of Convergence regions in France where the project schemes will be located in (French Overseas Departments of Guadeloupe, Guyane, Martinique, Mayotte and La Réunion).

    Environmental aspects
    Procurement

    Based on current information, the investment programme falls under Annex II of the Environmental Impact Assessment Directive (85/337/EEC as amended by 97/11/EC and 2003/35/EC), requiring the competent authority to screen the need for an EIA in line with the Directive. In line with the Bank's guidelines, the promoter's capacity and procedures to ensure compliance with environmental and biodiversity regulations will be assessed during appraisal.

    Neither the promoter nor the project companies are subject to EU Procurement Directives. In line with its principles and its statute, the Bank will however ensure that suitable procurement procedures, including an appropriate selection of works, goods and services offered at competitive prices will be applied by the promoter and/or the special purpose companies. Details will be verified during appraisal.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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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.
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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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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