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    Reference: 20200496
    Release date: 17 February 2021

    Promoter – Financial Intermediary

    SNAM SPA

    Location

    Description

    Framework loan to support a pipeline of energy efficiency projects in Italy, mainly in residential buildings.

    Objectives

    By supporting energy efficiency investments in Italy, mainly the renovation of condominium buildings, the project will reduce carbon and air pollution, deliver health benefits through improved air quality and positive social impact through job creation and an improvement of the purchasing power of EU households.

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    EUR 150 million

    Total cost (Approximate amount)

    EUR 200 million

    Environmental aspects

    The project is in line with the Bank's priority lending objectives for energy efficiency (EE) and renewable energy (RE) and supports the Climate Action objective (100%). Given the scale, location and nature of the sub-projects in built-up urban areas an environmental impact assessment (EIA), as defined under the EIA Directive 2014/52/EU, amending the 2011/92/EU, is normally not required.

    Procurement

    No procurement issues.

    Status

    Signed - 15/06/2021

    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

    Italy Energy