EIFFEL ENERGY TRANSITION FUND

Fund providing developer finance to small renewables (mostly solar photovoltaic (PV)) and energy efficiency projects mainly in France

Short-term financing to small solar PV, onshore wind and energy efficiency projects/development companies

Some of the projects and in particular the renewable energy projects to be co-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 Annex III of the EIA Directive. The legal documentation to be entered into between the Bank and the fund will include an obligation on the fund manager to ensure that the portfolio companies are in compliance with the Bank's environmental and social (E&S) requirements.

The Bank will require the fund manager to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the EIB Guide to Procurement or relevant applicable EU procurement legislation (Directive 2004/18/EC, or 2014/24/EU where applicable, and/or 2004/17/EC, or 2014/25/EU where applicable, and/or 2014/23/EU where applicable, as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.