Reference: 20150465
Release date: 8 November 2016

Promoter – Financial Intermediary

ACCEPTABLE BANK(S)

Location

Description

Co-financing of renewable energy projects in France, especially in onshore wind, solar photovoltaics (PV), geothermal, biomass and small hydropower

Objectives

The project aims to contribute to renewable energy targets in France and the EU.

Sector(s)

  • Energy - Electricity, gas, steam and air conditioning supply

Proposed EIB finance (Approximate amount)

EUR 1125 million

Total cost (Approximate amount)

EUR 1500 million

Environmental aspects

This operation is intended to generate environmental benefits by supporting projects that help mitigate climate change. Due to their technical characteristics, some of the individual projects to be proposed for allocation are likely to fall under Annex II of the EIA Directive, leaving it to the national competent authority to determine according to Annex III of the said directive whether an environmental impact assessment is required. The Bank will assess the capacity and procedures of the financial intermediaries (FIs) to be selected to ensure compliance with national and European environmental and biodiversity regulations as well as their capacity to support the Bank's public disclosure policy, which aims to facilitate=e access by the public to environmentally relevant information.

Procurement

The Bank will require the FIs to ensure that contracts for the implementation of the projects are tendered in accordance with the relevant applicable EU procurement legislation (Directives 2004/18/EC and/or 2004/17/EC as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required

Status

Signed - 19/12/2017

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

France Energy