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Signature(s)

Amount
€ 500,000,000
Countries
Sector(s)
France : € 500,000,000
Energy : € 500,000,000
Signature date(s)
2/08/2024 : € 500,000,000

Summary sheet

Release date
17 June 2024
Status
Reference
Signed | 02/08/2024
20230611
Project name
Promoter - financial intermediary
ENEDIS TRANSITION AND ADAPTATION (PHASE 1)
ENEDIS
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 500 million
EUR 1008 million
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

The project will finance ENEDIS's network transition and adaptation to climate change, in particular connections to new renewable energy units, including the network resilience and modernisation.

The aim is to support the investments needed to increase the renewable capacity and strengthen the network to make it more resilient to climate change.

Environmental aspects
Procurement

The project includes components that fall under Annex II of the Environmental Impact Assessment (EIA) Directive (2011/92/EU), which requires the competent national authority to determine the need for an environmental impact assessment (EIA). The impacts that can be typically expected for some schemes relate to visual impact, vegetation clearance, collision and electrocution of flying vertebrates, electromagnetic fields, noise nuisance, and disturbances during construction, as well as the possible impacts on protected fauna and flora (Habitats 92/43/EC and Birds 2009/147/EC). The environmental and social due diligence will follow the programme lending approach according to the EIB's procedures and standards. It will focus on the Promoters' capacity to implement the project in line with EIB environmental and social standards and requirements.

The promoter has to ensure that contracts for implementation of the project have been or will be tendered in accordance with the applicable EU procurement legislation Directive 2014/25/EU as well as Directive 92/13/EEC (amended by 2007/66/EU) as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.

Milestone
Under appraisal
Approved
Signed
18 December 2023
2 August 2024
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) - ENEDIS TRANSITION AND ADAPTATION (PHASE 1)
Publication Date
28 Jun 2024
Document language
Main Topic
Lending
Document Number
180631479
Document Focus
Environmental Information
Project Number
20230611
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.
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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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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