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    Summary sheet

    Release date
    27 October 2020
    Status
    Reference
    Approved | 03/12/2020
    20200208
    Project name
    Promoter - financial intermediary
    BANKIA ENERGY EFFICIENCY PF4EE FL
    BANKIA SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    not disclosed
    EUR 40 million
    Sector(s)
    Description
    Objectives

    Private Finance for Energy Efficiency (PF4EE) Framework Loan (FL) for the financing of the energy renovation of existing buildings undertaken by homeowner associations in Spain.

    The intermediated loan to Bankia will finance energy efficiency projects primarily promoted by homeowner associations located in Spain.

    Environmental aspects
    Procurement

    This operation intends to bring environmental benefits by supporting projects that reduce energy consumption and help to mitigate climate change. The individual schemes to be financed are small and are expected to have very limited negative environmental impacts. Given the scale, location and nature of the sub-projects, an environmental impact assessment (EIA), as defined under the EIA Directive 2011/92/EU, is normally not required. The Bank has assessed the capacity and procedures of the Financial Intermediary to ensure compliance with national and European environmental and biodiversity regulations of the individual schemes as well as its capacity to support the Bank's Public Disclosure Policy, which aims at facilitating access by the public to environmentally relevant information.

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    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) - BANKIA ENERGY EFFICIENCY PF4EE FL
    Publication Date
    11 Dec 2020
    Document language
    Main Topic
    Lending
    Document Number
    134073985
    Document Focus
    Environmental Information
    Project Number
    20200208
    Sector(s)
    Publicly available
    Download now

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