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    Reference: 20120250
    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 data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Italy Energy