Signature(s)
Summary sheet
The project consists of an equity fund targeting renewable energy generation, energy storage and electrical vehicle charging infrastructure investments.
The fund's strategy is to capture long-term market opportunities driven by the transformation occurring in both European and global energy markets. The fund is (i) targeting investments in renewable energy projects, (ii) enabling infrastructure for renewable energy, such as flexible generation and storage as well as interconnection and transmission and iii) targeting investments in electric vehicles and their charging infrastructure.
Most of the fund's underlying infrastructure investments will either require a full environmental impact assessment (EIA) or a screening decision by the national competent authority to determine whether an EIA is required or not. The Bank will require the fund to ensure that its underlying investments respect the relevant EU directives and the environmental and social standards of the Bank.
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 or 2014/25/EU where applicable.