Release date: 27 December 2023
Promoter – Financial Intermediary
CA CONSUMER FINANCE SA,CREDIT AGRICOLE LEASING & FACTORINGLocation
Description
The operation is aimed at supporting Climate Action projects promoted by small and medium sized enterprises in France linked to the acquisition of low emission vehicles over the period 2023-2025.
Objectives
Financing low carbon vehicle long term leasing solutions in favour of professionals in small and medium sized enterprises based in France. The main goal of the Project is to accelerate the transition towards low emission vehicles. The Project will generate substantial environmental economic benefits in terms of reduced air pollution, greenhouse gas emissions and noise. The Project will also contribute to support the development of the cleaner automotive industry through the accelerated deployment of cleaner vehicles and, indirectly, their associated infrastructure. The Intermediary has significant experience in the sector and is subject to national regulation of its current activities.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
not applicable
Environmental aspects
The new vehicles are expected to be much cleaner than the market average. Significant benefits in terms of fuel consumption, reduced polluting and carbon emissions are expected and will be further assessed during appraisal.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 21/12/2023
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).