Search En menu ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages
    Reference: 20130147
    Release date: 20 June 2013

    Promoter – Financial Intermediary

    BANCO SANTANDER S.A.
    ACCEPTABLE BANKS

    Location

    Description

    The project aims at investments in energy efficiency rehabilitation of hotels throughout Spain, on the back of a national support plan to be launched by the Spanish Climate Change Office (OECC) of the Ministry of Agriculture, Food and Environment. This plan will encourage hotels to achieve reductions in CO2 emissions through improvements in energy efficiency. Financing of eligible projects by hotels of small and medium size and/or located in convergence areas will also be contemplated.

    Objectives

    The project concerns mainly the financing of energy efficiency and small renewable energy investments in hotels located in Spain, involving a variety of measures (heating and cooling systems, lighting, energy management systems, solar heaters, etc.). The hotels may contract energy service companies to implement the works, with a possible energy performance guarantee. In principle, projects should be economically and financially profitable.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 200 million

    Total cost (Approximate amount)

    Not applicable

    Environmental aspects

    This project intends to bring environmental benefits by supporting schemes that reduce energy consumption, increase the use of renewable energies and help mitigate climate change. The cumulative impact of the schemes could generate significant environmental benefits. The individual schemes to be financed are likely to be small and are expected to have limited environmental impacts. The Bank will assess the Financial Intermediary’s capacity and procedures to ensure compliance with national and European environmental and biodiversity regulations as well as its capacity to support the Bank's Public Disclosure Policy, which aims at facilitating access by the public to environmentally relevant information.

    Procurement

    The promoters of the schemes are private companies not operating in the utilities sector and not having a status of a contracting authority, thus not covered by the EU directives on procurement.

    Status

    Signed - 29/07/2013

    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

    Spain Energy Industry Credit lines