Release date: 25 July 2013
Promoter – Financial Intermediary
The promoters will be private and public entities carrying out biomass or waste (biogas) projects in France.Location
Description
The Project consists of a EUR 250m bank-intermediated framework loan for the financing of (i) environmentally-driven cogeneration projects (at least 85% of which are biomass-fired) and (ii) waste treatment/biogas projects, all of which are in France.
Objectives
The Project will allow France to increase its renewable energy and heat output from sustainable biomass projects and will support up to three pre-identified waste treatment and biogas schemes.
Comments
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
- Solid waste - Water supply; sewerage, waste management and remediation activities
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
EUR 500 million
Environmental aspects
This operation intends to bring environmental benefits by reducing biodegradable municipal waste fraction into landfills and by supporting projects that help to mitigate climate and reduce energy consumption. Due to their technical characteristics, the schemes to be proposed for allocation are likely to fall under Annex I or Annex II of the EIA Directive. Residual environmental impacts are expected to be limited. 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 systems and procedures applied by the financial intermediary during appraisal, including making sure, when relevant, that contracts for the implementation of the schemes have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir 2004/17/EC/ or 2004/18/EC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.
Status
Signed - 10/07/2014
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).