Search En menu ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

    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

    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.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative 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

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    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.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    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.

    Related publications