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    Signature(s)

    Amount
    € 75,000,000
    Countries
    Sector(s)
    Spain : € 75,000,000
    Energy : € 7,500,000
    Industry : € 67,500,000
    Signature date(s)
    5/12/2014 : € 7,500,000
    5/12/2014 : € 67,500,000

    Summary sheet

    Release date
    27 June 2013
    Status
    Reference
    Signed | 05/12/2014
    20120536
    Project name
    Promoter - financial intermediary
    ESCO ENERGY EFFICIENCY SPAIN FL
    ACCEPTABLE CORPORATES
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 75 million
    EUR 200 million
    Location
    Sector(s)
    Description
    Objectives

    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.

    Environmental aspects
    Procurement

    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.

    Comments

    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - ESCO ENERGY EFFICIENCY SPAIN FL
    Publication Date
    15 Jan 2014
    Document language
    Main Topic
    Lending
    Document Number
    49751501
    Document Focus
    Environmental Information
    Project Number
    20120536
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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