Release date: 12 April 2023
Promoter – Financial Intermediary
COMMERZBANK AGLocation
Description
The project consists in an intermediated Framework Loan (FL) to finance renewable energy projects. End beneficiaries will be based in Germany and in other EU countries.
Objectives
The loan will support the development of renewable energy projects in Germany and other countries in the European Union.
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 250 million
Total cost (Approximate amount)
EUR 500 million
Environmental aspects
The operation intends to generate environmental benefits by supporting sustainable energy infrastructure that help to mitigate climate change. The Bank will assess the capacity and procedures of the financial intermediary to ensure compliance with national and European environmental and biodiversity regulations.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Approved - 5/04/2023
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).