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    Reference: 20170774
    Release date: 1 December 2017

    Promoter – Financial Intermediary

    PRIVATE ENTITY(IES)

    Location

    Description

    Pan-European fund targeting mainly greenfield renewable energy projects.

    Objectives

    The fund aims to invest equity in the development, construction and operations of small to medium-sized wind, solar and energy storage assets in the EU.

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    EUR 84 million

    Total cost (Approximate amount)

    EUR 303 million

    Environmental aspects

    Most, if not all, of the renewable energy projects financed by the fund are expected to fall under Annex II of the Environmental Impact Assessment (EIA) Directive 2014/52/EU amending Directive 2011/92/EU, in which case the projects may be subject to a full EIA, following a screening based on Annex III of the EIA Directive by the competent authorities. The promoter's capacity and procedures will be assessed to ensure that the fund management and its investee companies are in compliance with the Bank's environmental and social requirements for infrastructure fund activities.

    Procurement

    The fund's investment guidelines will require the fund manager to take all the requisite measures to ensure that contracts for the implementation of the projects financed by the fund have been or will be (as appropriate) tendered in accordance with the relevant applicable EU procurement legislation (Directive 2014/23/EU and/or Directive 2014/24/EU and/or Directive 2014/25/EU, where applicable, as well as Directive 92/13/EEC or Directive 89/665/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the European Union, as and where required.

    Status

    Signed - 14/12/2018

    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

    EU Countries Energy