Reference: 20110384
Release date: 4 April 2012

Promoter – Financial Intermediary

ARISTON THERMO RDI

Location

Description

Investments for the development of new products and technologies for domestic and commercial heating as well as water heating.

Objectives

The project will contribute to developing the promoter’s knowledge and know-how in the field of energy-efficient heating technologies. The project is expected to bring about positive environmental results, also through the objective of increasing the use of renewable energies for heating applications, and to contribute to the reduction of energy consumption, particularly in residential buildings, as well as carbon and other harmful emissions.

Comments

The project is financed under the Risk Sharing Finance Facility (RSFF), which is an innovative credit risk sharing scheme jointly set up by the European Commission and the European Investment Bank to improve access to debt financing for private companies or public institutions promoting activities with a higher financial risk profile in the fields of research, technological development, demonstration and innovation investments.

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 40 million

Total cost (Approximate amount)

EUR 87 million

Environmental aspects

The project concerns primarily investments in research and development that are expected to be carried out in existing facilities already authorised and would therefore not require an EIA under Annex II of the Directive 85/337/EC, amended by Directives 97/11/EC and 2003/35/EC. Any possible environmental issue will however be verified during the project’s appraisal.

Procurement

The promoter is a private sector company operating in the manufacturing sector not covered by EU Directives on procurement.

Status

Signed - 4/06/2013

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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