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Signature(s)

Amount
€ 75,000,000
Sector(s)
Energy : € 75,000,000
Signature date(s)
30/11/2016 : € 37,500,000
30/11/2016 : € 37,500,000
Link to source

Summary sheet

Release date
4 June 2015
Status
Reference
Signed | 15/12/2016
20150273
Project name
Promoter - financial intermediary
IMPAX NEW ENERGY INVESTORS III
IMPAX ASSET MANAGEMENT
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 75 million
EUR 500 million
Location
Sector(s)
Description
Objectives

EU renewable energy infrastructure fund

The fund aims to invest mainly in the construction of on-shore wind, solar and hydro projects, primarily in selected European countries.

Environmental aspects
Procurement

Most, if not all, of the renewable energy projects financed by the fund are expected to fall under Annex II of the Environmental Impact Assessment (EIA) Directive 2011/92/EU, in which case the projects would be subject to an EIA based on a case-by-case decision or defined criteria set by the competent authority. The promoter's capacity and procedures will be assessed to ensure that the fund management and its investee companies are in compliance with the Bank's environmental and social requirements for infrastructure fund activities.

The fund's investment guidelines will be required to ensure that procurement procedures applied by the underlying investments financed by the fund are in line with the provisions of the relevant directives. Most, if not all, of the projects financed by the fund are expected not to be subject to public procurement procedures as outlined in Directive 2004/17/EC.

Link to source
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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) - IMPAX NEW ENERGY INVESTORS III
Publication Date
15 Sep 2015
Document language
Main Topic
Lending
Document Number
61323649
Document Focus
Environmental Information
Project Number
20150273
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - IMPAX NEW ENERGY INVESTORS III B
Publication Date
22 Dec 2022
Document language
Main Topic
Lending
Document Number
165050229
Document Focus
Environmental Information
Project Number
20150273
Sector(s)
Regions
Countries
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.

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