ESCO ENERGY EFFICIENCY SPAIN FL

Framework loan to finance energy efficiency projects carried out by energy services companies, including rehabilitation of buildings, street lighting and other investments.

The present loan will be specifically earmarked for projects that contribute to promoting energy efficiency and also to tackling the effects of climate change.

This operation intends to bring environmental benefits by supporting projects that reduce energy consumption, to increase the use of renewable energies and to help mitigate climate change. The cumulative impact of sub-projects could generate significant environmental benefits. The individual schemes to be financed are likely to be small and are expected to have limited environmental impacts. The Bank will assess the energy service companies' (ESCOs’) 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.

For public sector projects, contracts will be awarded following a public procurement procedure carried out by the public authority. The compliance of the procurement procedures applied with the relevant directives and national regulations will be analysed. The Bank will, in any case, review systems and procedures for procurement applied by the promoters, including an appropriate selection of works, goods and services offered at competitive prices and including compliance with relevant national and EU legislation and publication in the Official Journal of the EU where appropriate.