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Signature(s)

Amount
€ 300,000,000
Countries
Sector(s)
Germany : € 150,000,000
Energy : € 300,000,000
Signature date(s)
30/09/2025 : € 150,000,000
30/09/2025 : € 150,000,000
Link to source

Summary sheet

Release date
8 April 2025
Status
Reference
Signed | 30/09/2025
20250084
Project name
Promoter - financial intermediary
NORDLB RENEWABLE ENERGY 2
NORDDEUTSCHE LANDESBANK GIROZENTRALE
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 400 million
EUR 533 million
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

The operation consists in an intermediated Framework Loan to finance Renewable Energy Projects in Germany and regional EU countries.

The aim is to support the development of renewable energy projects in Germany as well as the wider EU.

Additionality and Impact

The operation consists of a funding line to a financial intermediary, Norddeutsche Landesbank (NordLB), to support the development of Renewable Energy (RE) projects mainly in Germany and other EU countries. NordLB will on-lend the EIB funds at attractive and long-term financing conditions to eligible projects, thereby facilitating their implementation.


By using an intermediated approach, the Bank will be able to support smaller projects that may otherwise not benefit from direct funding. Moreover, the operation supports the financial intermediary's sustainability strategy, by facilitating the lending in the sector and by diversifying its financing sources.


The RE projects are expected, in part, to benefit from market-based instruments and thereby contribute to the policy objective of supporting the market integration of RE projects. The production of electricity from low carbon sources addresses the market failure of negative climate and environmental externalities by reducing carbon emissions and other air pollution compared to fossil-fuel generation. The battery storage related investments will contribute to security of supply of the energy system.


The operation is expected to achieve an excellent economic rate of return considering the economic value of the electricity generated and contribution to CO2 emission reductions. The operation is also expected to achieve an excellent Broader Social Benefit. The financial intermediary has sufficient experience in financing climate related RE projects and has a good track-record in the renewable energy sector.

The financing of this project is in line with the Bank's lending priority objectives on Energy (Renewable Energy and Energy Efficiency) as well as the transversal objectives on Climate Action (mitigation), Environmental Sustainability (Pollution Prevention Control) and Social and Economic Cohesion, also contributing to the EU decarbonisation goals and REPower EU Action Plan.


The operation is eligible under Article 309 (c) common interest in energy (renewable energy) and environment (tackling climate change). In addition, the EIB has provided advice and introduction to the EIB's Green CAES eligibility criteria.

Environmental aspects
Procurement

The operation intends to generate environmental benefits by supporting sustainable energy infrastructure that helps to mitigate climate change. The EIB will assess the capacity and procedures of the financial intermediary to ensure compliance with national and European environmental and biodiversity regulations.

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

Milestone
Under appraisal
Approved
Signed
4 July 2025
30 September 2025
Link to source
Other links

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) - NORDLB RENEWABLE ENERGY 2
Publication Date
8 Jul 2025
Document language
Main Topic
Lending
Document Number
246665048
Document Focus
Environmental Information
Project Number
20250084
Sector(s)
Regions
Countries
Publicly available
Download now
Other links

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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.
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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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