CASA TRANSITION ENERGETIQUE MBIL II

Promoteur – Intermédiaire Financier

CREDIT AGRICOLE SA

Lieu

• France

Description

The loan will support small and medium sized enterprises (SMEs) and midcaps as well as public authorities to implement small-scale projects with a climate action component of 70% in the field of renewable energy, energy efficiency and green vehicles.

Additionality and Impact

The Project aims to improve access to finance and financing conditions for French SMEs andMidcaps (70%) and small public entities (30%). Notably, at least 70% of investments will target Climate Action & Environmental Sustainability (CA&ES) objectives, focusing on small-scale renewable energy projects (solar and wind), energy efficiency projects, and green mobility (electric vehicles and charging stations) in France.

It addresses market failures of asymmetric information and also carbon and air pollution externalities by reducing carbon emission, improving energy market efficiency and integration, supporting job creation, and enhancing SME and Midcap competitiveness. The operation will contribute to energy production from low-carbon sources and reduction of energy demand in France, which is key to meeting the mid-/long-term national objectives, as outlined in the French National Energy and Climate Plan (NECP).

Through an intermediated approach, the Bank will support smaller projects, including in cohesion (transition) regions, otherwise unreachable directly. Moreover, the operation supports the Financial Intermediary (FI)'s sustainability strategy, by facilitating additional lending to French SMEs, Midcaps, and small public entities.

 

The FI is financially sound and has sufficient track record in implementing and allocating EIB products. The EIB's contribution, through financial value-added, long-term tenor, and flexibility in drawdowns and repayment profiles, will facilitate access to finance and improve financing conditions for final beneficiaries through reduced interest rates, while enabling the FI to increase its climate action financing.

Objectifs

The aim is to enhance access to finance for the target beneficiaries.

Secteur(s)

• Énergie - Production et distribution d'électricité, de gaz, de vapeur et d'air conditionné
• Lignes de crédit - Lignes de crédit

Montant BEI envisagé (montant approximatif)

EUR 300 million

Coût total (montant approximatif)

not applicable

Aspects environnementaux

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Passation des marchés

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Statut

Signé - 30/07/2024