Release date: 16 November 2017
Promoter – Financial Intermediary
CYPRUS COOPERATIVE BANK LTDLocation
Description
The Framework Loan will finance small scale investments targeting energy efficiency measures mainly undertaken by households in Cyprus.
Objectives
PF4EE was established under the umbrella of the EIB's DEEP Green initiative, which aims at scaling up financing for energy efficiency (EE) across a range of channels, including through stimulating financial intermediaries into focusing more of their lending on energy efficiency projects. The proposed operation will target three different segments: thermal insulation, complete EE renovation and construction of new Nearly zero-energy buildings (NZEBs).
Comments
This operation is subject to approvals by the EIB's Governing Bodies.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 25 million
Total cost (Approximate amount)
EUR 40 million
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 27/12/2017