Release date: 17 April 2009
Promoter – Financial Intermediary
Instituto Valenciano de FinanzasLocation
Description
Financing of multiple small and medium scale ventures within the plan developed by the Regional Government of Valencia for improving the efficient use of natural resources and energy in facilities belonging to the public sector.
Objectives
In the first phase, the project will consist of (a) the installation and operation of PV installations on the roofs of public schools; and (b) equipment to increase energy efficiency in public buildings (lighting and combined heat/cooling and power -tri-generation) as well as in street and traffic lighting.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 150 million.
Total cost (Approximate amount)
Up to EUR 300 million.
Environmental aspects
This operation intends to bring environmental benefits by supporting projects that help to mitigate climate change. The individual schemes to be financed are likely to be small and are expected to have limited environmental impacts. It is unlikely that any of the projects is categorised as Annex II-type projects under the EIA Directive.
Procurement
The Bank will review systems and procedures applied by the promoter during appraisal, including compliance with relevant national and EU legislation, as defined by Procurement Directive 2004/17/EC, and publication in the Official Journal of the EU where appropriate.
Status
Signed - 26/05/2010