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Summary sheet

Release date
21 February 2025
Status
Reference
Under appraisal | 06/11/2024
20240350
Project name
Promoter - financial intermediary
APOLLO GREEN LOAN SOLAR PV
NEXTA BEL HOLDING SRL
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 146 million
EUR 194 million
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

The project will finance the construction and operation of a solar photovoltaic plant for a total capacity of ca. 210 MWp in the Italian region of Sicily.

The aim is to contribute to progress on the national and EU energy and climate goals, namely decarbonise electricity production in the EU and decrease the reliance on fossil fuels. The plant is located in an EIB Cohesion Priority Region, thus supporting its development.

Environmental aspects
Procurement

The project and associated infrastructures have been screened in and underwent an EIA process, including public consultation, obtaining the environmental permit in June 2024. Compliance with applicable EU Directives, in particular concerning cumulative impacts and potential impacts on nature conservation sites, will be further assessed during the appraisal. The project is expected to contribute to Climate Action and Environmental Sustainability objectives, in particular to climate change mitigation and pollution prevention and control.

The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions. However, if at the project appraisal, the EIB were to conclude that the promoter is subject to the EU public procurement legislation then the European Commission will be duly informed, which would require the promoter to apply those rules.

Milestone
Under appraisal
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).

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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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