Release date: 22 May 2013
Promoter – Financial Intermediary
ACCEPTABLE CORPORATE(S) PUBLIC ENTITY(IES)Location
Description
Framework loan to support small to medium-scale investments in the renewable energy and energy efficiency sectors in Italy, contributing to the EU energy and climate change objectives
Objectives
The proposed operation would support a series of investments in renewable energy and energy efficiency that would contribute to the EU energy and climate change objectives.
Comments
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EUR 400 million
Environmental aspects
This operation intends to bring environmental benefits by supporting projects that help to mitigate climate change. Due to their technical characteristics, the subprojects to be proposed for allocation are likely to fall under Annex II of the Environmental Impact Assessment (EIA) Directive. The Bank will check that the promoter has maintained its capacity and procedures to ensure compliance with national and European environmental as appraised during the previous similar operation.
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 - 31/07/2013
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).