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    Reference: 20170355
    Release date: 5 January 2018

    Promoter – Financial Intermediary

    LEDVANCE GMBH

    Location

    Description

    The program concerns the Research, Development and Innovation (RDI) activities carried out in the field of lamps and luminaires based on Light Emitting Diodes (LED) mainly for the mass market. The research specifically focuses on: - a wider application of the LED technology; - further cost reductions and the increased usability of such products for the replacement of existing less efficient lamps; - new luminaires and innovative lighting solutions for smart applications.

    Objectives

    The key focus of the research is on a wider application of the LED technology, further cost reductions and the increased usability of such products for the replacement of existing less efficient lamps, new luminaires and innovative lighting solutions for smart applications.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 80 million

    Total cost (Approximate amount)

    EUR 187 million

    Environmental aspects

    The project activities do not fall under Annexes I and II of the EU Directive 2014/52/EU amending the EIA Directive 2011/92/EU, and are therefore not subject to mandatory Environmental Impact Assessments.

    Procurement

    The promoter has been assessed by EIB as being a private company not operating in the utilities sector and not having a status of a contracting entity, thus not being subject to EU rules on public procurement. The Bank's services will verify details during the project's due diligence.

    Status

    Signed - 21/12/2017

    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

    Germany Industry