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Summary sheet

Release date
15 March 2025
Status
Reference
Under appraisal | 10/10/2024
20240608
Project name
Promoter - financial intermediary
SOLAS ENERGY EFFICIENCY CO-FINANCING PLATFORM
SOLAS CAPITAL AG
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
not disclosed
not disclosed
Location
Sector(s)
Description
Objectives

The facility, in partnership with energy service companies, will co-finance a lending platform that supports small-scale energy efficiency and distributed renewable energy generation projects across Europe.

The aim is to support energy services companies (ESCOs) to develop energy efficiency and small distributed renewable schemes. Therefore the project supports both national and EU's energy lending priorities as well as climate goals and the security of energy supply objective.

Environmental aspects
Procurement

Details of the Fund's environmental and social due diligence procedures for ensuring compliance with national legislation, the principles and standards of relevant EU legislation and EIB's Environmental and Social Standards, as well as the capacity of the Promoter to assess and monitor environmental and social risks and impacts, will be reviewed during appraisal.

The Bank will require the Promoter to take all the requisite measures to ensure that contracts for the implementation of the projects financed by the sub-fund will be tendered in accordance with the relevant applicable EU procurement legislation.

Milestone
Under appraisal

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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