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    Signature(s)

    Amount
    € 50,000,000
    Countries
    Sector(s)
    France : € 50,000,000
    Energy : € 50,000,000
    Signature date(s)
    21/02/2019 : € 50,000,000

    Summary sheet

    Release date
    21 September 2017
    Status
    Reference
    Signed | 21/02/2019
    20160982
    Project name
    Promoter - financial intermediary
    AKUO MULTI-COUNTRIES RENEWABLE ENERGY PROGRAMME
    AKUO ENERGY SAS
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 50 million
    EUR 330 million
    Location
    Sector(s)
    • Energy - Electricity, gas, steam and air conditioning supply
    Description
    Objectives

    Multi-component investment programme articulated into sub-projects of construction and operation of several small-scale, mature renewable energy (RE) technologies such as wind farms, photovoltaic (PV) plants, hydropower plants and biomass throughout France and in other EU countries, for a total capacity of ~230 MW.

    The project would support national and EU renewable energy objectives and its commitments with respect to greenhouse gas emission reductions.

    Environmental aspects
    Procurement

    The sub-projects will be located within the EU and will most likely fall under Annex II of the EIA Directive (2014/52/EU), requiring the competent authorities to determine whether an environmental impact assessment (EIA) is required. As positive externalities, the project would reduce CO2 emissions.

    The relevant procurement policies the promoter might be subject to were assessed as part of a previous operation the Bank has with the promoter. The conclusion drawn at the time of the analysis is still valid; the promoter is not subject to public procurement as it is neither a public undertaking nor does it enjoy special or exclusive rights in the sense of the relevant EU Procurement Directives. Thus the project is not subject to public procurement.

    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - AKUO MULTI-COUNTRIES RENEWABLE ENERGY PROGRAMME
    Publication Date
    15 Jan 2018
    Document language
    Main Topic
    Lending
    Document Number
    77111171
    Document Focus
    Environmental Information
    Project Number
    20160982
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
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    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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