Release date: 18 May 2015
Promoter – Financial Intermediary
Acceptable bank(s)Location
Description
Programme of loans supported by the Private Finance for Energy Efficiency (PF4EE) Instrument.
Objectives
The PF4EE Instrument aims to stimulate the supply of private debt financing to complement national Energy Efficiency support schemes and, through this leverage, to support the priorities set by Member States in their National Energy Efficiency Action Plans for the period 2014-2020.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 750 million
Total cost (Approximate amount)
EUR 1000 million
Environmental aspects
This operation intends to bring environmental benefits by supporting projects that reduce energy consumption, and help to mitigate climate change. The individual schemes to be financed are small and are expected to have very limited negative environmental impacts. Given the scale, location and nature of the sub-projects an EIA, as defined under the EIA Directive 2011/92/EU, is normally not required. The Bank will assess the capacity and procedures of the Financial Intermediaries to ensure compliance with national and European environmental and biodiversity regulations of the individual schemes as well as its capacity to support the Bank's Public Disclosure Policy, which aims at facilitating access by the public to environmentally relevant information.
Procurement
The specific project pipe lines proposed by the Financial Intermediaries will be assessed by EIB; if the final beneficiaries are private companies not operating in the utilities sector and not having a status of a contracting entity, the projects will be considered as not being subject to EU rules on public procurement. However, if after the project appraisal, the EIB were to conclude that the project pipeline is after all subject to EU public procurement legislation (i.e. Directive 2004/17/EC), then the Bank would require the Financial Intermediary to ensure that contracts for the implementation of the project have been/will be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2004/17/EC and Directive 92/13/EEC), with publication of tender notices in the EU Official Journal, as and where required.
Status
Approved - 18/06/2015
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).