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Signature(s)

Amount
€ 20,000,000
Countries
Sector(s)
France : € 20,000,000
Energy : € 20,000,000
Signature date(s)
19/12/2019 : € 20,000,000
Link to source

Summary sheet

Release date
9 December 2019
Status
Reference
Signed | 19/12/2019
20190261
Project name
Promoter - financial intermediary
FRENCH DEMAND RESPONSE PROJECT (EDP)
MERIDIAM SAS
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 20 million
EUR 46 million
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

The operation concerns the EIB's financing of an asset holding company for the deployment of demand-side energy management solutions. The project promoter is a demand response aggregator in the electricity sector providing smart technical solutions to enable household loads and small commercial and industrial (C&I) loads to participate in the energy markets and unlock their flexibility potential.

The deployment of the technical solution provides a valuable service to power systems by reducing peak load in real time (which would otherwise be met with expensive fossil fuel plants). The project can also contribute to: (i) reduce of electricity consumption (energy efficiency), (ii) differ grid reinforcement, (iii) accommodate distributed energy storage segments (i.e. electric vehicles, stationary batteries) and (iv) can contribute to the integration of a higher share of variable renewable energy in the overall energy mix.

Environmental aspects
Procurement

The project concerns the installation of smart devices in residential and commercial/industrial facilities. As per Environmental Impact Assessment (EIA) Directive 2014/52/EU amending the Directive 2011/92/EU, an EIA is not required for this project. E&S related topics will be investigated at appraisal.

The promoters have been assessed by the EIB as being private companies not being subject to EU rules on public procurement or concessions.

Link to source

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) - FRENCH DEMAND RESPONSE PROJECT (EDP)
Publication Date
24 Dec 2019
Document language
Main Topic
Lending
Document Number
123766792
Document Focus
Environmental Information
Project Number
20190261
Sector(s)
Regions
Countries
Publicly available
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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.
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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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