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    Reference: 20160080
    Release date: 9 September 2016

    Promoter – Financial Intermediary




    The project comprises the promoter's planned investments and expenditures for 2016-2019 in research, development and innovation (RDI) and advanced manufacturing concerning the recently acquired cutting-edge technologies of large and very large gas turbines. The project will be carried out in the promoter's research and development (R&D) and manufacturing centres in Genoa.


    The project will support a European promoter in its efforts to bolster its competitive position on a global scale by investing in product development and new technology for new turbine generations with improved energy efficiency or operating flexibility.


    Proposed EIB finance (Approximate amount)

    EUR 80 million

    Total cost (Approximate amount)

    EUR 180 million

    Environmental aspects

    The project is expected to be carried out in already authorised R&D facilities that will not change their scope due to the project. The need for an environmental impact assessment (EIA) according to Directive 2011/92/EU, as amended, is therefore unlikely. The Bank's services will review the environmental and social aspects of the project during the due diligence process.


    The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having the status of a contracting entity, thus not subject to EU rules on public procurement.


    Signed - 19/12/2016


    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 Industry