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Signature(s)

Amount
€ 250,000,000
Countries
Sector(s)
France : € 17,500,000
Germany : € 45,000,000
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
Data sheet

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
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) - 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
Other links
Summary sheet
Data sheet

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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