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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
    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.
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