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    Reference: 20160735
    Release date: 27 March 2017

    Promoter – Financial Intermediary

    Province of Limburg

    Location

    Description

    The project provides a loan of up to EUR 30m to the Limburgs Energie Fonds (LEF), an evergreen financial instrument established and fully financed by the Dutch region of Limburg. The financing will leverage the region's investment capacity towards small and medium-sized enterprises (SMEs) and small projects in the critical sectors of carbon-saving renewable energy, energy efficiency and (marginally) circular economy and asbestos sanitation.

    Objectives

    Carbon savings for the province of Limburg through renewable energy, energy efficiency and circular economy projects, waste treatment facilities and sustainable transport

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 30 million

    Total cost (Approximate amount)

    EUR 90 million

    Environmental aspects

    Most of the projects to be financed by the fund are not expected to have a negative environmental impact. Some projects however may fall under Annex II of Environmental Impact Assessment (EIA) Directive 2011/92/EU, in which case the national competent authority determines whether the projects are subject to an EIA based on Annex III of the directive. During appraisal, the fund manager's environmental and social management capacity and due diligence procedures will be reviewed to ensure compliance with the Bank's standards and the principles of EU environmental directives (including the EIA Directive, Habitats Directive and Birds Directive, Water Framework Directive and Industrial Emissions Directive), as applicable.

    Procurement

    The fund's investment guidelines will be required to ensure that procurement procedures applied by the promoters of the underlying investments financed by the fund are in line with the provisions of the relevant directives and the Bank's Guide to Procurement.

    Status

    Signed - 15/11/2017

    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

    The Netherlands Services