Signature(s)
Summary sheet
Participation in a debt fund targeting energy efficiency and renewable energy projects in southern-eastern Europe (Albania, Bosnia Herzegovina, Croatia, Kosovo*, Macedonia, Montenegro, Serbia) and Turkey, in the Eastern European Neighbourhood region (Armenia, Azerbaijan, Georgia, Ukraine and Moldova) and in the Southern European Neighbourhood region (Egypt, Jordan, Lebanon, Morocco, Tunisia and the Palestinian Territories)
The fund's mission is to contribute, in the form of a public-private partnership with a layered risk-return structure, to enhancing energy efficiency and renewable energy in the targeted regions.
Most of the current and expected projects do not fall under the Environmental Impact Assessment (EIA) Directive 85/337/EC, as amended, meaning the projects would not be subject to an EIA. If an underlying investment were subject to an EIA, the fund manager would be required to obtain the non-technical summary of it, and where relevant written confirmation from the competent authority that the investment would not have any significant negative impact on sites of nature conservation.
The fund's investment guidelines will be required to ensure that procurement procedures applied by the underlying investments financed by the fund are in line with the provisions of the relevant directives and EIB requirements, as applicable.
*This designation is without prejudice to positions on status, and is in line with UNSCR 1244/99 and the ICJ Opinion on the Kosovo declaration of independence.