Reference: 20190832
Release date: 4 March 2020

Promoter – Financial Intermediary

ACOFI GESTION

Location

Description

The project concerns a Fund providing debt to developers of small and medium sized renewable energy and energy transition projects across the EU, with a 50% focus on France.

Objectives

Predirec EnR2 is an infrastructure debt fund financing European renewable energy developers and producers, and energy transition projects' sponsors via long-term loans constituting an attractive and necessary alternative to traditional sources for their development projects and investment in new production capacities.

Sector(s)

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

Proposed EIB finance (Approximate amount)

EUR 75 million

Total cost (Approximate amount)

EUR 300 million

Environmental aspects

The EIB will ensure that the Fund's operational guidelines comply with its social and environmental standards.

Procurement

The Fund has been assessed by EIB as lending only to private companies not being subject to EU rules on public procurement or concessions. However, if after the appraisal, the EIB were to conclude that the Fund also lends to projects subject to EU public procurement legislation, then the Bank would require the fund manager to ensure that contracts for the implementation of the projects financed by the Fund will be done in accordance with the EIB's Guide to Procurement.

Status

Signed - 30/07/2020

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 Energy