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Signature(s)

Amount
€ 75,000,000
Countries
Sector(s)
Luxembourg : € 75,000,000
Services : € 7,500,000
Transport : € 15,000,000
Energy : € 15,000,000
Urban development : € 37,500,000
Signature date(s)
1/07/2011 : € 7,500,000
1/07/2011 : € 15,000,000
1/07/2011 : € 15,000,000
1/07/2011 : € 37,500,000
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Summary sheet

Release date
3 February 2011
Status
Reference
Signed | 01/07/2011
20100508
Project name
Promoter - financial intermediary
European Energy Efficiency Fund

European Commission and the Bank will be core investors of the Fund.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 75 million
EUR 500 million
Description
Objectives

Fund targeting sustainable energy projects promoted by public authorities in the EU.

A dedicated financial instrument promoted by the European Commission and the Bank in order to support energy efficiency projects and renewable energy sources, particularly at urban and regional level.

Environmental aspects
Procurement

This operation intends to bring about environmental benefits by supporting projects that help to mitigate climate change. The individual schemes to be financed are likely to be small. In principle, none of the investments shall have a significant negative impact on any site of nature conservation importance, including sites protected under the “Habitats” and “Birds” Directives (92/43/EEC and 79/409/EEC respectively) and the associated Natura 2000 network. The Fund Manager will be assessed for its capacity and procedures to ensure compliance with national and European environmental and biodiversity regulations as well as its capacity to support the Bank's Public Disclosure Policy, which aims at facilitating access by the public to environmentally relevant information.

The Fund’s investment guidelines will be required to ensure that contracts for the implementation of individual schemes have been tendered in accordance with the relevant EU legislation, including publication of tender notices in the EU Official Journal, as and where appropriate.

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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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