Release date: 27 October 2020
Promoter – Financial Intermediary
BANKIA SALocation
Description
Guarantee to Bankia under the Private Financing for Energy Efficiency programme (PF4EE) to support energy retrofits in existing buildings in Spain.
Objectives
The intermediated loan to Bankia will finance energy efficiency projects primarily promoted by homeowner associations located in Spain.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 5 million
Total cost (Approximate amount)
EUR 40 million
Environmental aspects
This operation intends to bring environmental benefits by supporting projects that reduce energy consumption and help to mitigate climate change. The individual schemes to be financed are small and are expected to have very limited negative environmental impacts. Given the scale, location and nature of the sub-projects, an environmental impact assessment (EIA), as defined under the EIA Directive 2011/92/EU, is normally not required. The Bank has assessed the capacity and procedures of the Financial Intermediary to ensure compliance with national and European environmental and biodiversity regulations of the individual schemes as well as its capacity to support the Bank's Public Disclosure Policy, which aims at facilitating access by the public to environmentally relevant information.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 22/03/2021
Disclaimer
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).