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    Reference: 20170817
    Release date: 19 January 2018

    Promoter – Financial Intermediary




    Participation in a debt fund targeting energy efficiency and renewable energy investments in the Southern Neighbourhood region. Operation to be realised under the Luxembourg-EIB Climate Finance Platform trust fund.


    The fund's mission is to contribute to enhancing energy efficiency and renewable energy in the targeted regions, in the form of a public-private partnership with layered risk-return structure.


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

    Proposed EIB finance (Approximate amount)

    EUR 5 million

    Total cost (Approximate amount)

    EUR 500 million

    Environmental aspects

    Most of the current and future projects do not fall under the Environmental Impact Assessment (EIA) Directive 85/337/EEC, as amended, in which case the projects would not be subject to an EIA. If an underlying investment were subject to an EIA, the fund manager will be required to obtain the non-technical summary of it and, where relevant, written confirmation from the competent authority that the investment will not have any significant negative impact on sites of nature conservation.


    The fund's investment guidelines will be required to ensure that procurement procedures applied by the underlying investments financed by the fund are in line with the provisions of the relevant Directives and EIB requirements as applicable.


    Signed - 5/12/2018


    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Egypt Jordan Lebanon Morocco Palestine* Tunisia Energy