RENAULT SUSTAINABLE HI TECH FOR ALL

Promoter – Financial Intermediary

Renault

Location

• France
• Romania
• Slovenia

Description

The project concerns the activities for the development of innovative light-weighting platforms, more cost affordable electrified drivetrain and vehicles, and the development and further industrial deployment of a new A segment urban vehicle. The project's R&D activities are mainly located in the promoter's existing R&D premises in France, and to a lesser extent, in Romania and Spain. The project also includes some investments in Slovenia to adapt existing facilities for the production of new vehicles.

Objectives

The project proposed for financing comprises RDI activities aiming at driving a reduction of CO2 emissions of the Promoter's fleet of new vehicles to the level of 95 CO2g/km through 2020, consistently with the objectives set by the EU regulation.

Comments

The project may be 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)

• Industry - Manufacturing

Proposed EIB finance (Approximate amount)

EUR 400 million

Total cost (Approximate amount)

EUR 812 million

Environmental aspects

The project concerns investments in research and development that are expected to be carried out in existing facilities already authorised and would not require an Environmental Impact Assessment (EIA) under the Directive 2011/92/EU. Any possible environmental issue will however be verified during the project appraisal.

Procurement

The promoter is a private company not operating in the Utilities sector, and is thus not covered by EU Directives on procurement.

Status

Signed - 23/05/2013