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    Reference: 20200594
    Release date: 16 March 2021

    Promoter – Financial Intermediary

    Not disclosed.

    Location

    Description

    Long term financing of an special purpose vehicle (SPV) offering loans to households to install self-consumption photovoltaic panels on rooftops.

    Objectives

    The operation comprises the the rollout, construction and operation of a portfolio of around 200 MWp of small-size (less than 10 kWp) rooftop solar photovoltaic (PV) plants, spread across Spain. These PV installations will be owned by around 40 000 - 50 000 individual consumers and operate in self-consumption regimes.

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    EUR 125 million

    Total cost (Approximate amount)

    EUR 250 million

    Environmental aspects

    The plants are located on the rooftops of properties, mostly private households, located in consolidated urban areas. No specific environmental permitting is expected to be required.

    Procurement

    The Promoter has been assessed by the EIB as being a private company not subject to EU rules on public procurement or concessions. However, if at the project appraisal, the EIB were to conclude that the Promoter is subject to EU public procurement legislation then the Bank would duly inform the Commission Services and would require the Promoter to apply those rules.

    Status

    Approved - 22/04/2021

    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

    Spain Energy