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    Signature(s)

    Amount
    € 350,000,000
    Countries
    Sector(s)
    France : € 350,000,000
    Energy : € 350,000,000
    Signature date(s)
    28/10/2022 : € 350,000,000
    Link to source
    Other links

    Summary sheet

    Release date
    5 September 2023
    Status
    Reference
    Signed | 28/10/2022
    20220018
    Project name
    Promoter - financial intermediary
    CEPAC ACTION POUR LE CLIMAT FL
    CAISSE D'EPARGNE CEPAC
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 350 million
    EUR 700 million
    Location
    Sector(s)
    • Energy - Electricity, gas, steam and air conditioning supply
    Description
    Objectives

    The project consists of a framework loan (FL) to support small to mid-sized renewable energy investments in France, such as onshore wind, photovoltaic, including some geothermal, hydro, biomass and waste treatment/biogas projects.

    The aim is to facilitate investments that support national and European targets related to renewable energy (RE) generation. As such, the project contributes to EU energy objectives, notably to make energy sustainable, secure and affordable.

    Additionality and Impact

    Despite a strong increase in recent years, installed electricity generation capacity from renewable sources in France remains below national targets, leading to a sub-optimal investment situation in this crucial sector in the fight against climate change. The Project will contribute to the timely deployment in the next years of renewable energy production capacity in France, which will be key to meet the mid/long term national and EU energy objectives. The Project will also support the EIB's priority lending objectives concerning renewable energy and will contribute fully towards the Bank's climate action objectives.


    EIB's intervention will take the form of a funding line to BPCE, a well-known intermediary of EIB's support to the renewable energy sector in France. The funds will be intermediated through BPCE group's regional network, Caisse d'Epargne Provence-Alpes-Corse ("CEPAC"). CEPAC will on-lend the EIB funds at attractive financing conditions to eligible projects, thereby facilitating their implementation.


    The schemes will produce electricity from low carbon sources (solar PV and onshore wind) and thereby contribute to the EIB's priority of supporting transition to a low carbon, environmentally friendly and climate resilient economy. 


    Based on the pipeline provided, around 85% of the financing volume will be invested in cohesion priority regions.


    Environmental aspects
    Procurement

    This operation will generate environmental benefits by supporting projects that help to mitigate climate change. The EIB will assess the capacity and procedures of CEPAC to comply with the national and European environmental and biodiversity regulations, as well as with the EIB's public disclosure policy, that aims to give public access to environmental information.

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

    Milestone
    Under appraisal
    Approved
    Signed
    7 September 2022
    28 October 2022
    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) - CEPAC ACTION POUR LE CLIMAT FL
    Publication Date
    20 Sep 2023
    Document language
    Main Topic
    Lending
    Document Number
    157710433
    Document Focus
    Environmental Information
    Project Number
    20220018
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - CEPAC ACTION POUR LE CLIMAT FL - Projet Eolien de Largeasse - Etude d'impact sur l'environnement et la santé
    Publication Date
    20 Oct 2023
    Document language
    Main Topic
    Lending
    Document Number
    169457510
    Document Focus
    Environmental Information
    Project Number
    20220018
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - CEPAC ACTION POUR LE CLIMAT FL- Aménagement d'un parc photovoltaïque au sol - Dept. des Landes - Dossier d'étude d'impact
    Publication Date
    20 Oct 2023
    Document language
    Main Topic
    Lending
    Document Number
    167953289
    Document Focus
    Environmental Information
    Project Number
    20220018
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - CEPAC ACTION POUR LE CLIMAT FL - Résumé Non Technique - Les Prévots & Notre Dame
    Publication Date
    20 Oct 2023
    Document language
    Main Topic
    Lending
    Document Number
    167953905
    Document Focus
    Environmental Information
    Project Number
    20220018
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - CEPAC ACTION POUR LE CLIMAT FL - Etude d'Impact dur l'Environnement et la Santé - Centrale solaire Orion 43 Réhabilitation de l’Aérodrome de Clécy
    Publication Date
    20 Oct 2023
    Document language
    Main Topic
    Lending
    Document Number
    167963730
    Document Focus
    Environmental Information
    Project Number
    20220018
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - CEPAC ACTION POUR LE CLIMAT FL - Résumé Non Technique - PROJET EOLIEN DE LARGEASSE Commune de Largeasse
    Publication Date
    20 Oct 2023
    Document language
    Main Topic
    Lending
    Document Number
    167960534
    Document Focus
    Environmental Information
    Project Number
    20220018
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - CEPAC ACTION POUR LE CLIMAT FL - Evaluation environnementale (Etude d'impact sur l'environnement) - Saint-Hilaire-la-Palud
    Publication Date
    20 Oct 2023
    Document language
    Main Topic
    Lending
    Document Number
    167966346
    Document Focus
    Environmental Information
    Project Number
    20220018
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    News & Stories

    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.

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    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.

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