Release date: 22 October 2022
Promoter – Financial Intermediary
ENGIELocation
Description
The operation will finance Research, Development and Innovation (RDI) investments in the field of low carbon energy solutions and infrastructure networks and services optimisation.
Objectives
The project aims at strengthening the promoter's long-term competitiveness by supporting its technological and innovation activities.
Comments
The project comprises a well-defined portfolio of investments in R&D in the field of renewable energies, Carbon Capture and Storage, decarbonisation applications and optimised management of energy networks (amongst others).
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 150 million
Total cost (Approximate amount)
EUR 311 million
Environmental aspects
The project includes RDI activities that are not specifically mentioned under the EIA Directive and that will be carried out in existing facilities without changing their already authorised scope. The project will therefore not require an Environmental Impact Assessment (EIA) under the directive 2014/52/EU amending directive 2011/92/EU.
Procurement
The Bank will require the Promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2004/18/EC and/or 2004/17/EC as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.
Status
Signed - 23/12/2022
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).