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Signature(s)

Amount
€ 50,000,000
Countries
Sector(s)
Spain : € 50,000,000
Industry : € 5,000,000
Energy : € 45,000,000
Signature date(s)
1/07/2010 : € 5,000,000
1/07/2010 : € 45,000,000
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Summary sheet

Release date
23 April 2010
Status
Reference
Signed | 01/07/2010
20100169
Project name
Promoter - financial intermediary
Caja Navarra FL Energy Efficiency & RE

Caja de Ahorros y Monte de Piedad de Navarra

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 50 million.
EUR 100 million.
Location
Sector(s)
Description
Objectives

EIB loan for financing renewable energy and energy efficiency projects.

The loan will be dedicated to investments by corporates and public entities in energy efficiency and renewable energies. The renewable energy projects will include mostly wind farms and photovoltaic plants. The energy efficiency projects will comprise housing rehabilitation, municipal buildings refurbishment or energy management.

Environmental aspects
Procurement

This operation intends to bring environmental benefits by supporting projects that help to mitigate climate change and reduce energy consumption. The individual schemes are likely to be small and are expected to have limited environmental impacts. The financial intermediary shall ensure compliance with national and European environmental and biodiversity regulations.

The Bank will review systems and procedures applied by the promoter during appraisal, including compliance with relevant national and EU legislation, as defined by Procurement Directive 2004/17/EC, and publication in the Official Journal of the EU where appropriate. However, it is expected that most of the projects will be developed by private companies that are not subject to EU Procurement Directives.

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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).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
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.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

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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