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Signature(s)

Amount
€ 85,000,000
Countries
Sector(s)
France : € 85,000,000
Credit lines : € 85,000,000
Signature date(s)
20/12/2023 : € 85,000,000

Summary sheet

Release date
27 December 2023
Status
Reference
Signed | 20/12/2023
20220658
Project name
Promoter - financial intermediary
LCL-LOAN 4SMES & MIDCAPS TRANSITION ENERGETIQUE
CREDIT LYONNAIS
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 165 million
not applicable
Location
Sector(s)
Description
Objectives

The loan will be used to finance small-scale projects launched by small and medium sized enterprises with a Climate Change contribution in the field of Renewable Energy, Energy Efficiency and Green Vehicles.

Financing of small and medium projects carried out by small and medium sized enterprises.

Additionality and Impact

The operation mainly concerns the financing of renewable energy generation projects (mostly small-scale solar PV), energy efficiency measures and low-carbon road vehicle fleets in France. This operation contributes to supporting the Bank's priority objectives in the energy and mobility sectors and the EIB's climate action and environmental sustainability objectives. The operation will contribute to energy production from low-carbon sources and reduction of energy demand in France, which is key to meeting the mid/long term national objectives, as outlined in the French National Energy and Climate Plan (NECP). The operation is also aligned with the REPowerEU strategy. By using an intermediated approach, the Bank will be able to support smaller projects that would otherwise not be reached directly.


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

The FI is financially sound and has sufficient track record of implementing and allocating EIB products. The operation enhances access to finance for final beneficiaries and improve financing conditions for them through a high level of flexibility in terms of drawdowns and repayment profile, hence mirroring the economic life of the investment. It also helps preserve and create jobs.


Environmental aspects
Procurement

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

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

Milestone
Under appraisal
Approved
Signed
16 October 2023
20 December 2023

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).

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.

Media enquiries

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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