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    Signature(s)

    Amount
    € 25,000,000
    Countries
    Sector(s)
    Signature date(s)
    17/12/2019 : € 10,000,000
    17/12/2019 : € 15,000,000

    Summary sheet

    Release date
    24 July 2019
    Status
    Reference
    Under appraisal | 08/07/2019
    20190307
    Project name
    Promoter - financial intermediary
    GREEN FOR GROWTH FUND IV
    FINANCE IN MOTION GMBH
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 25 million
    EUR 569 million
    Location
    Sector(s)
    Description
    Objectives

    The project concerns an investment in the Green for Growth Fund, a layered debt fund targeting energy efficiency and renewable energy investments in South-Eastern Europe and in the Eastern and Southern Neighbourhood regions.

    The fund's mission is to contribute to enhancing energy efficiency and renewable energy in the targeted regions, in the form of a public-private partnership with layered risk-return structure.

    Environmental aspects
    Procurement

    Most of the current and future projects do not fall under the Environmental Impact Assessment (EIA) Directive 85/337/EEC, as amended, in which case the projects would not be subject to an EIA. If an underlying investment were subject to an EIA, the fund manager will be required to obtain the non-technical summary of it and, where relevant, written confirmation from the competent authority that the investment will not have any significant negative impact on sites of nature conservation.

    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 and EIB requirements as applicable.

    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) - GREEN FOR GROWTH FUND IV
    Publication Date
    18 Dec 2019
    Document language
    Main Topic
    Lending
    Document Number
    122869868
    Document Focus
    Environmental Information
    Project Number
    20190307
    Sector(s)
    Publicly available
    Download now

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