Search En menu en ClientConnect
Top 5 search results See all results Advanced search
Top searches
Most visited pages
    Reference: 20220401
    Release date: 21 December 2023

    Promoter – Financial Intermediary




    Roll-out of photovoltaic installations on the roofs of the promoter's logistic centers in Central and Eastern EU (Czech Republic, Hungary, Romania, Slovakia) and other EU countries.

    Additionality and Impact

    The project produces electricity from low carbon sources through the roll-out of solar panels on the roofs of the Promoter's logistic and semi-industrial centres located across fourteen EU countries as well as Serbia. The project addresses a number of market failures of negative climate and environmental externalities, from contributing to the reduction in carbon and air pollution, to improving energy markets efficiency and integration through participation in the wholesale markets.

    This operation supports national targets related to renewable energy (RE) generation and it will hence contribute to EU energy objectives, notably security of energy supply and tackling climate change. It also supports the Bank's priority lending objectives concerning renewable energy and it will contribute 100% to climate action. The operation is therefore eligible under Article 309 (c) common interest in energy (energy efficiency, renewable energy) and environment (tackling climate change). The operation is expected to yield good economic rate of return and a positive broader social benefit. The Promoter is deemed capable of implementing the project considering its overall experience. The EIBs financial contribution to the project is high, as it provides longer term finance at competitive terms, not readily available in the market.


    The roll-out of photovoltaic installations across the Promoter's logistic centres will allow for the production of electricity from low-carbon sources and thus contribute to the reduction of carbon emissions. The project will increase the renewable energy generation capacity across the Czech Republic, Hungary, Romania, Slovakia as well as other EU markets, hence contribute to national and EU climate objectives.


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

    Proposed EIB finance (Approximate amount)

    EUR 150 million

    Total cost (Approximate amount)

    EUR 250 million

    Environmental aspects

    The appraisal will focus on the project impacts and the related mitigants, as well as on the promoter's capacity to implement the programme in line with the EIB's socio-environmental standards and requirements. The programme schemes are expected to have limited environmental consequences and environmental impact studies will be carried out as and where applicable and mitigating and/or compensation measures will be applied as necessary.


    The Promoter has to ensure that contracts for the project implementation will be tendered in accordance with the relevant applicable EU procurement legislation, Directive 2014/25/EU, as well as Directive 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


    Signed - 15/12/2023

    Under appraisal
    12 December 2023
    15 December 2023


    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).

    Related tags

    EU Countries Czechia Romania Hungary Slovakia Energy