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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

    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.

    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) - 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

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