Release date: 29 October 2013
Promoter – Financial Intermediary
GLOBAL CLIMATE PARTNERSHIP FUND (KfW & IFC)Location
Description
Debt fund focusing on small scale energy efficiency and renewable energy investments either directly or via local financial institutions.
Objectives
The Fund's promotion of energy efficiency and renewable energy will support the EU's climate change and environmental policy objectives. In addition, the Fund will contribute to the economic and social development of the regions in which it invests, by providing resources to support final beneficiaries for investments in the fields of energy and environmental protection.
Sector(s)
- Services - Financial and insurance activities
Proposed EIB finance (Approximate amount)
EUR 64 million
Total cost (Approximate amount)
EUR 320 million
Environmental aspects
The operation will bring about environmental benefits by supporting projects that help mitigate climate change. The individual schemes to be financed are likely to be small and are expected to have limited negative environmental impacts. The Fund has set up an Environmental and Social Management System that is consistent with EIB environmental and social principles and standards.
Procurement
For EIB eligible investments, the Fund Manager shall assess conformity of procurement procedures with the Bank's Guide to Procurement.
Status
Signed - 7/12/2017
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).