15 September 2017
Promoter – Financial Intermediary
RENEWABLE ENERGY OPERATORS
Framework loan targeting small to medium-sized renewable project schemes throughout Italy, mainly focused on wind but possibly including other renewable energy (RE) sources, such as: geothermal, biomass and solar sources, to be carried out by selected private or public promoters. Most of the identified project schemes are located in convergence regions.
The project supports EU renewable energy objectives and supports Italy in meeting its commitments with respect to greenhouse gas emission reductions. In addition, most of the investments will also be located in convergence regions.
- Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 400 million
Total cost (Approximate amount)
EUR 575 million
The Bank will check that the financial intermediaries have the capacity and the procedures to ensure compliance with national and EU environmental legislation.
The Bank will review systems and procedures applied by the financial intermediary during appraisal, including making sure that sub-projects are in compliance with the EU Procurement Directives 2014/23/EU, 2014/24/EU. 2014/25/EU, and their transposition into national legislation.
Signed - 11/12/2017