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Signature(s)

Amount
€ 50,000,000
Countries
Sector(s)
France : € 50,000,000
Energy : € 50,000,000
Signature date(s)
21/02/2019 : € 50,000,000

Summary sheet

Release date
21 September 2017
Status
Reference
Signed | 21/02/2019
20160982
Project name
Promoter - financial intermediary
AKUO MULTI-COUNTRIES RENEWABLE ENERGY PROGRAMME
AKUO ENERGY SAS
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 50 million
EUR 330 million
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

Multi-component investment programme articulated into sub-projects of construction and operation of several small-scale, mature renewable energy (RE) technologies such as wind farms, photovoltaic (PV) plants, hydropower plants and biomass throughout France and in other EU countries, for a total capacity of ~230 MW.

The project would support national and EU renewable energy objectives and its commitments with respect to greenhouse gas emission reductions.

Environmental aspects
Procurement

The sub-projects will be located within the EU and will most likely fall under Annex II of the EIA Directive (2014/52/EU), requiring the competent authorities to determine whether an environmental impact assessment (EIA) is required. As positive externalities, the project would reduce CO2 emissions.

The relevant procurement policies the promoter might be subject to were assessed as part of a previous operation the Bank has with the promoter. The conclusion drawn at the time of the analysis is still valid; the promoter is not subject to public procurement as it is neither a public undertaking nor does it enjoy special or exclusive rights in the sense of the relevant EU Procurement Directives. Thus the project is not subject to public procurement.

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) - AKUO MULTI-COUNTRIES RENEWABLE ENERGY PROGRAMME
Publication Date
15 Jan 2018
Document language
Main Topic
Lending
Document Number
77111171
Document Focus
Environmental Information
Project Number
20160982
Sector(s)
Regions
Countries
Publicly available
Download now

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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.

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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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