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Signature(s)

Amount
€ 250,000,000
Countries
Sector(s)
Germany : € 250,000,000
Credit lines : € 250,000,000
Signature date(s)
6/06/2024 : € 250,000,000

Summary sheet

Release date
9 June 2023
Status
Reference
Signed | 06/06/2024
20230180
Project name
Promoter - financial intermediary
DKB RENEWABLE ENERGY AND MUNICIPAL INFRASTR II
DEUTSCHE KREDITBANK AG
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 250 million
not applicable
Location
Sector(s)
Description
Objectives

The project consists of a multiple beneficiary intermediated loan (MBIL) to finance small and medium-sized projects promoted by private and public sector entities in Germany. A 50% of the resources (Green window) will support renewable energy projects. Allocations in other EU countries are not excluded.

The aim is to support public entities (50% of the loan amount) and small and medium-sized enterprises (SMEs), as well as Midcaps. Other private entities are not excluded. Within the volume allocated to SMEs, Midcaps and other private sector entities, the minimum proportion allocated to SMEs will be in line with applicable MBIL rules, i.e. 70%.

Additionality and Impact

The financing of this project contributes to the Bank's lending priority objectives on Energy (Renewable Energy) and Integrated Territorial Development (Support for Urban, Regional and Rural Development), as well as on Climate Action and Environmental Sustainability (Climate Action) as transversal objective. 50% of the project concerns the financing of a series of renewable energy generation plants (onshore wind and solar PV), located in Germany and France, and potentially other EU countries. The implementation of renewable energy generation plants contributes to the EIB's priority of supporting the transition to a low-carbon, environmentally friendly and climate-resilient economy. The remainder concerns financing of small infrastructure and sustainable municipal investments undertaken by public sector companies. The upgrading, replacement and reorganisation of urban infrastructure and public facilities provides externalities including economic growth and knowledge externalities. By using an intermediated approach, the Bank will be able to support smaller projects, that would otherwise not be possible to be reached directly. The operation will capitalize on the sound market position of the Financial Intermediary in the region, who

has shown in the past its capacity to originate opportunities compliant with the EIB requirements. The projects addresses a number of market failures, from contributing to the reduction in carbon and air pollution, to improving energy markets and general market efficiency and integration through participation in the wholesale markets. EIB is providing adequate financing sources in terms of pricing and longer maturities, whilst contributing to the diversification of the borrower's funding base.

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
19 April 2024
6 June 2024

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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