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    Reference: 20170037
    Release date: 9 October 2020

    Promoter – Financial Intermediary

    ENI SPA

    Location

    Description

    The project concerns a Framework Loan (FL) for the implementation of a number of renewable energy (RE) plants (solar photovoltaic (PV) and onshore wind) schemes in Italy, promoted by ENI.

    Objectives

    The operation contributes to the EU-wide target of 32% of energy from renewable sources in gross final energy consumption (RES) by 2030 as set out in the EU RE Directive (Directive (EU) 2018/2001). It further contributes to the national renewable energy targets laid out in Italy's Integrated National Energy and Climate Plan (NECP). In addition, the majority of investments will also be located in convergence regions.

    Comments

    N/A

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    EUR 75 million

    Total cost (Approximate amount)

    EUR 151 million

    Environmental aspects

    The Bank will assess and, if needed, will reinforce the Promoter's capacity to appraise sub-schemes for compliance with national regulations and EU environmental and biodiversity requirements, specifically Habitats and Birds Directives (92/43/EEC and 2009/147/EC respectively), as well as its capacity to support the Bank's Public Disclosure Policy, which aims at facilitating access by the public to environmentally relevant information.

    Procurement

    The Bank will require that the Promoter ensure that contracts for the implementation of the project have been / will be tendered in accordance with the relevant applicable EU procurement legislation, 2014/25/EU as well as Directive 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 - 11/03/2021

    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

    Italy Energy