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    Reference: 20180029
    Release date: 13 March 2018

    Promoter – Financial Intermediary

    MIROVA

    Location

    Description

    The project consists of an equity fund targeting renewable energy generation, energy storage and electrical vehicle charging infrastructure investments.

    Objectives

    The fund's strategy is to capture long-term market opportunities driven by the transformation occurring in both European and global energy markets. The fund is (i) targeting investments in renewable energy projects, (ii) enabling infrastructure for renewable energy, such as flexible generation and storage as well as interconnection and transmission and iii) targeting investments in electric vehicles and their charging infrastructure.

    Sector(s)

    • Transport - Transportation and storage
    • Energy - Electricity, gas, steam and air conditioning supply

    Proposed EIB finance (Approximate amount)

    EUR 75 million

    Total cost (Approximate amount)

    EUR 500 million

    Environmental aspects

    Most of the fund's underlying infrastructure investments will either require a full environmental impact assessment (EIA) or a screening decision by the national competent authority to determine whether an EIA is required or not. The Bank will require the fund to ensure that its underlying investments respect the relevant EU directives and the environmental and social standards of the Bank.

    Procurement

    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. Most, if not all, of the projects financed by the fund are expected not to be subject to public procurement procedures as outlined in Directive 2004/17/EC or 2014/25/EU where applicable.

    Status

    Signed - 25/10/2018

    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

    France EU Countries Spain Transport Energy