Search En menu ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

    Signature(s)

    Amount
    € 250,000,000
    Countries
    Sector(s)
    France : € 17,500,000
    Germany : € 45,000,000
    EU Countries : € 50,000,000
    Denmark : € 137,500,000
    Industry : € 250,000,000
    Signature date(s)
    21/12/2015 : € 17,500,000
    21/12/2015 : € 45,000,000
    21/12/2015 : € 50,000,000
    21/12/2015 : € 137,500,000
    Link to source

    Summary sheet

    Release date
    8 December 2015
    Status
    Reference
    Signed | 21/12/2015
    20140121
    Project name
    Promoter - financial intermediary
    DANFOSS RDI
    DANFOSS A/S
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 250 million
    EUR 537 million
    Description
    Objectives

    The project comprises the promoter's EU-based research, development and innovation (RDI) activity in its four divisions of power solutions, cooling, drives and heating. The activities will be carried out in the period 2015-18, mainly in the promoter's research and development (R&D) centre in Denmark (55% of the project cost), partly in Germany and France and in other EU countries.

    The project will help to improve the performance of the promoter's products and equipment in the field of refrigeration and air conditioning, power electronics, heating solutions, commercial compressors and district heating/cooling. It will also strengthen the innovative capacity of the promoter in the internationally competitive market segment of climate and energy. Some of the expected benefits, particularly in terms of environmental impact, are energy efficiency and CO2 reduction.

    Environmental aspects
    Procurement

    The project RDI activities do not fall under any annexes of Directive 2011/92/EU will be carried out in existing already authorised facilities that will not change their scope due to the project. An environmental impact assessment (EIA) is therefore not needed. The project, if successful, will have positive environmental effects leading to the introduction to the market of better performing and more environmentally friendly equipment that will replace less eco-friendly devices.

    The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having a status of a contracting entity, thus not subject to EU rules on public procurement.

    Link to source

    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) - DANFOSS RDI
    Publication Date
    6 Jan 2016
    Document language
    Main Topic
    Lending
    Document Number
    63892763
    Document Focus
    Environmental Information
    Project Number
    20140121
    Sector(s)
    Regions
    Publicly available
    Download now

    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.

    Related publications