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    Reference: 20160371
    Release date: 12 July 2016

    Promoter – Financial Intermediary




    Fund providing developer finance to small renewables (mostly solar photovoltaic (PV)) and energy efficiency projects mainly in France


    Short-term financing to small solar PV, onshore wind and energy efficiency projects/development companies


    Proposed EIB finance (Approximate amount)

    EUR 50 million

    Total cost (Approximate amount)

    EUR 150 million

    Environmental aspects

    Some of the projects and in particular the renewable energy projects to be co-financed by the fund are expected to fall under Annex II of the Environmental Impact Assessment (EIA) Directive 2011/92/EU in which case the projects would be subject to an EIA based on Annex III of the EIA Directive. The legal documentation to be entered into between the Bank and the fund will include an obligation on the fund manager to ensure that the portfolio companies are in compliance with the Bank's environmental and social (E&S) requirements.


    The Bank will require the fund manager to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the EIB Guide to Procurement or relevant applicable EU procurement legislation (Directive 2004/18/EC, or 2014/24/EU where applicable, and/or 2004/17/EC, or 2014/25/EU where applicable, and/or 2014/23/EU where applicable, 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.


    Signed - 8/03/2017


    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

    EU Countries Energy Industry