Release date: 28 March 2012
Promoter – Financial Intermediary
REGION AQUITAINELocation
Description
The project comprises two components, both of which are being promoted by the Region Aquitaine under its Climate Action policy: (i) a EUR 200m loan to Region Aquitaine for the purposes of supporting its energy efficiency programme in regional buildings (consisting predominantly of schools) and (ii) a EUR 150m intermediated loan to Final Beneficiaries to finance regional renewable energy schemes (biomass, geothermal, solar, wind, etc.)
Objectives
The project supports energy efficiency in regional buildings and promotes regional renewable energy schemes.
Comments
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EUR 300 million
Environmental aspects
This operation intends to bring environmental benefits by supporting projects that help to mitigate climate change and reduce energy consumption. Due to their technical characteristics, some of 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 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 - 21/12/2012
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).