Release date: 14 February 2011
Promoter – Financial Intermediary
Banca Popolare dell’Emilia Romagna
Location
Description
Framework loan to support small to medium scale investments in renewable energy and energy efficiency sectors.
Objectives
The objective of the project is to support investments in renewable energy and energy efficiency that would contribute to the EU energy and climate change objectives.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 150 million
Total cost (Approximate amount)
The Bank’s contribution to the financing will not exceed the usual proportion for this type of project.
Environmental aspects
This operation intends to bring environmental benefits by supporting projects that help to mitigate climate change. Due to their technical characteristics, the sub-projects to be proposed for allocation are likely to fall under Annex II of the EIA Directive. The Bank will assess the promoter’s capacity and procedures to ensure compliance with national and European environmental and biodiversity regulations.
Procurement
The Bank will review systems and procedures applied by the financial intermediary during appraisal, including making sure that sub-schemes’ promoters are, where applicable, in compliance with the EU Procurement Directive 2004/17/EC and its transposition into national legislation.
Status
Signed - 6/05/2011
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).