Release date: 20 November 2015
Promoter – Financial Intermediary
CREDIT COOPERATIFLocation
Description
This framework loan will finance small-scale investments targeting energy efficiency measures mainly undertaken by private sector entities.
Objectives
The project concerns energy efficiency investments expected to involve a variety of measures (building renovation and insulation works, heating and cooling systems, lighting, energy management systems, solar heaters, etc.). Through this project, the promoter will be able to support its clients in their search for energy performance driven by the adoption in France of the law on energy transition in 2015.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 75 million
Total cost (Approximate amount)
EUR 100 million
Environmental aspects
This operation intends to bring environmental benefits by supporting projects that reduce energy consumption, and help to mitigate climate change. The individual schemes to be financed are likely to be small and are expected to have a very limited negative environmental impact. Given the scale, location and nature of the sub-projects in built-up urban areas, an environmental impact assessment (EIA), as defined in Directive 2011/92/EU, is not expected to be required. The Bank will assess the promoter's capacity and procedures to ensure compliance with national and European environmental regulations of the individual schemes.
Procurement
The promoters of the underlying sub-projects are private companies not operating in the utilities sector and not having the status of a contracting entity, thus are not subject to EU rules on public procurement. However, if during the project appraisal, the EIB were to conclude that a sub-scheme is after all subject to EU public procurement legislation (i.e. Directive 2004/17/EC), then the Bank would require the promoter to ensure that contracts for the implementation of the sub-project have been/will be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2004/17/EC and Directive 92/13/EEC), with publication of tender notices in the EU Official Journal, as and where required.
Status
Signed - 7/12/2015
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).