ENI RENEWABLE ENERGY GENERATION PHASE II

Promoter – Financial Intermediary

ENI SPA

Location

• Italy

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