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Signature(s)

Amount
€ 125,000,000
Countries
Sector(s)
Germany : € 125,000,000
Energy : € 125,000,000
Signature date(s)
29/07/2015 : € 125,000,000
Link to source

Summary sheet

Release date
11 June 2014
Status
Reference
Signed | 29/07/2015
20130441
Project name
Promoter - financial intermediary
DZ BANK RISK SHARING
SPECIAL PURPOSE ENTITY(IES)/FUND
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 125 million
EUR 600 million
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

Indirect risk sharing instrument to be used to cover up to 50% of the credit risk associated with a portfolio of loans outstanding on DZ Bank AG (DZ) balance sheet. With the resources made available by the guarantee, DZ will undertake to grant new loans to eligible renewable energy projects. The new loans will not be covered by the risk sharing instrument.

This operation will be set up as a risk sharing instrument covering a portfolio of renewable energy assets. The instrument is designed to facilitate the intermediary to undertake new projects.

Environmental aspects
Procurement

The project comprises a multi-sector multi-scheme operation. All of the schemes are expected to fall under Annex II of the Environmental Impact Assessment (EIA) Directive 2011/92/EU. Should any scheme have a negative impact on an area forming part of the Natura 2000 network (as defined under Habitats Directive 92/43/EEC and the Birds Directive 79/409/EEC), then the Bank would require the financial intermediary and the final beneficiary to act according to the provisions of the aforementioned directives as transposed in the national law.

The Bank will require the financial intermediary to ensure that contracts for the implementation of the schemes have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir 2004/18/EEC/ or 2004/17/EEC and Dir. 2007/66/EC), with parallel publication of tender notices in the EU Official Journal, as and where appropriate.

Link to source
Summary sheet
Other links

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).

Documents

Environmental and Social Data Sheet (ESDS) - DZ BANK RISK SHARING
Publication Date
27 Aug 2014
Document language
Main Topic
Lending
Document Number
52451105
Document Focus
Environmental Information
Project Number
20130441
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - DZ BANK RISK SHARING
Publication Date
16 Oct 2020
Document language
Main Topic
Lending
Document Number
129418137
Document Focus
Environmental Information
Project Number
20130441
Sector(s)
Regions
Countries
Publicly available
Download now
Other links

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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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