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Signature(s)

Amount
€ 200,000,000
Countries
Sector(s)
Slovakia : € 28,000,000
Hungary : € 38,000,000
Romania : € 56,000,000
Czechia : € 76,000,000
Services : € 200,000,000
Signature date(s)
8/08/2023 : € 2,000,000
8/08/2023 : € 28,000,000
8/08/2023 : € 38,000,000
8/08/2023 : € 56,000,000
8/08/2023 : € 76,000,000
Link to source

Summary sheet

Release date
16 August 2023
Status
Reference
Signed | 08/08/2023
20220095
Project name
Promoter - financial intermediary
CTP ROOFTOP SOLAR PV GREEN LOAN
CTP NV
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 200 million
EUR 300 million
Location
Sector(s)
Description
Objectives

Roll-out of rooftop photovoltaic installations on the promoter's logistic centers in the Czech republic and other CEE countries

The project will finance the roll-out of photovoltaic installations on the roofs of the promoter's logistic centres in the Czech Republic, Slovakia, Romania and Hungary.

Additionality and Impact

The project supports the Bank's renewable energy and climate objectives. The schemes will produce electricity from low carbon sources (solar PV, especially rooftop solar but potentially ground-mounted) and thereby contribute to the EIB's priority of supporting transition to a low carbon, environmentally friendly and climate resilient economy.


Low carbon power projects reduce carbon and air pollution externalities. Therefore, the financing contributes to EU 2030 decarbonisation goals and to the Bank's lending priority objectives on Energy (Renewable Energy) as well as on climate action and environmental sustainability (transversal).


The RE projects are expected to benefit from market-based revenues, and thereby will contribute to the policy objective to support the market integration of renewable energy projects. The Promoter is equipped with a good governance system and strong project management capabilities. The Promoter has accumulated relevant experience and track-record in the rooftop solar PV sector.


Long tenor, flexible financing conditions (drawdown and repayment flexibility) and competitive pricing provided by the Bank will help the Promoter to achieve the investment objectives. The financing will also have an important signalling effect in times when the company is undertaking significant investment plan and the credit markets became tighter comparing to previous years.


Environmental aspects
Procurement

Some of the project schemes may fall under Annex II of the Environmental Impact Assessment (EIA) Directive 2014/52/EU (amending the EIA Directive 2011/92/EU), thus implying that the competent authorities make the required environmental and biodiversity assessments during the planning/consent stage. Aspects to be further assessed might relate to the visual impact, electromagnetic fields, noise nuisance and disturbance during construction. The appraisal will focus on the project impacts and the related mitigants, as well as on the promoter's capacity to implement the programme in line with the EIB's socio-environmental standards and requirements.

The Promoter has to ensure that contracts for the project implementation will be tendered in accordance with the relevant applicable EU procurement legislation, Directive 2014/25/EU, as well as Directive 92/13/EEC, as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

Milestone
Under appraisal
Approved
Signed
3 May 2023
8 August 2023
Link to source
Other links

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) - CTP ROOFTOP SOLAR PV GREEN LOAN
Publication Date
1 Sep 2023
Document language
Main Topic
Lending
Document Number
166794378
Document Focus
Environmental Information
Project Number
20220095
Sector(s)
Regions
Publicly available
Download now

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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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