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    Reference: 20100040
    Release date: 23 March 2010

    Promoter – Financial Intermediary

    Promoter : Région Midi-Pyrénées
    Borrower : Acceptable banks to be selected by the promoter

    Location

    Description

    Framework loan to finance renewable energy projects, including mainly photovoltaics and wind energy and anaerobic digestion with organic waste; as well as most likely energy efficiency in the Midi-Pyrénées region.

    Objectives

    Energy
    Protection of Environment and Sustainable Communities

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 350 million.

    Total cost (Approximate amount)

    EUR 700 million.

    Environmental aspects

    This operation intends to bring environmental benefits by supporting projects that help to mitigate climate and reduce energy consumption. The individual schemes are likely to be small and would be expected to have limited environmental impacts. Due to their technical characteristics, the schemes to be proposed for allocation are likely to fall under Annex II of the EIA Directive. The Bank will assess the capacity and procedures of financial intermediaries to ensure compliance with national and European environmental and biodiversity regulations.

    Procurement

    The Bank will review the systems and procedures applied by the scheme promoters 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 - 18/10/2010

    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).

    Related tags

    France Energy Industry