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    Signature(s)

    Amount
    € 300,000,000
    Countries
    Sector(s)
    France : € 300,000,000
    Energy : € 300,000,000
    Signature date(s)
    3/10/2022 : € 300,000,000

    Summary sheet

    Release date
    28 April 2022
    Status
    Reference
    Signed | 03/10/2022
    20220105
    Project name
    Promoter - financial intermediary
    CALEF - PAN-EUROPEAN RENEWABLE ENERGY FL II
    ACCEPTABLE CORPORATE(S),CREDIT AGRICOLE LEASING & FACTORING
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 500 million
    EUR 1000 million
    Location
    Sector(s)
    • Energy - Electricity, gas, steam and air conditioning supply
    Description
    Objectives

    The project aims at supporting French promoters of small and mid-sized renewable energy projects in (i) the development of their operations in France and (ii) potentially in other European countries.

    This project supports national and European targets related to renewable energy (RE) generation, and it will hence contribute to EU energy objectives, notably security of energy supply and tackling climate change.

    Additionality and Impact

    The project concerns the financing of a series of renewable energy generation plants (mostly onshore wind and solar PV), located mainly in France, and potentially other EU countries. This operation contributes to the Bank's lending priority objectives of climate action and environmental sustainability as well as to national and EU climate targets. By using an intermediated approach, the Bank will be able to support smaller projects that would otherwise not be possible to be reached directly. 

    Moreover, the operation supports the financial intermediary's sustainability strategy, by facilitating the lending in the sector and diversifying its financing sources. The project addresses a number of market failures, from contributing to the reduction in carbon and air pollution, to improving energy markets efficiency and integration. 


    Environmental aspects
    Procurement

    This project is intended to generate environmental benefits by supporting projects that help mitigate climate change. The Bank will assess the capacity and procedures of the financial intermediary (FI) to be selected to ensure compliance with national and European environmental and biodiversity regulations as well as its capacity to support the Bank's public disclosure policy, which aims to facilitate access by the public to environmentally-relevant information.

    The Bank will require the FI to ensure that contracts for the implementation of the projects shall be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2014/23/EU, 2014/24/EU and 2014/25/EU, where applicable, as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with the publication of tender notices in the Official Journal of the European Union, as and where required.

    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) - CALEF - PAN-EUROPEAN RENEWABLE ENERGY FL II
    Publication Date
    10 Sep 2022
    Document language
    Main Topic
    Lending
    Document Number
    157439138
    Document Focus
    Environmental Information
    Project Number
    20220105
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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    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.
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