Signature(s)
Summary sheet
- Solid waste - Water supply; sewerage, waste management and remediation activities
- Industry - Construction
- Energy - Electricity, gas, steam and air conditioning supply
The operation is a linked unfunded partial delegation risk sharing instrument for an amount of up to EUR 140m to cover up to 50% of the credit risk associated with a new portfolio of energy efficiency, renewable energy and circular economy small and medium-sized projects originated by the Intesa Sanpaolo Group, located in Italy.
Such loans provided by Intesa Sanpaolo will finance medium sized projects in the field of energy efficiency, renewable energy and environmental protection, in line with EU objectives. The operation also contributes to meeting Italy's renewable energy (RE) and energy efficiency (EE) objectives and will actively support the transition to a circular economy.
This operation is intended to generate environmental benefits by supporting projects that help mitigate climate change, contribute to reduce greenhouse gas emissions and support transition to circular economy. The EIB will assess the capacity and procedures of the financial intermediary (FI) to ensure compliance with national and European environmental and biodiversity regulations as well as their capacity to support the EIB's public disclosure policy, which aims to facilitate access by the public to environmentally-relevant information.
The Bank will require the FI to ensure that contracts for the implementation of the projects shall be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2014/23/EU, 2014/24/EU and 2014/25/EU, where applicable, as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with the publication of tender notices in the Official Journal of the European Union, as and where required.