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SCHOOL ROOFTOPS PHOTOVOLTAIC SYSTEMS

Signature(s)

Amount
€ 15,917,934.21
Countries
Sector(s)
Palestine* : € 15,917,934.21
Energy : € 15,917,934.21
Signature date(s)
15/03/2019 : € 15,917,934.21
Link to source

Summary sheet

Release date
29 August 2018
Status
Reference
Signed | 15/03/2019
20160624
Project name
Promoter - financial intermediary
SCHOOL ROOFTOPS PHOTOVOLTAIC SYSTEMS
MASSADER FOR NATURAL RESOURCES AND INFRASTRUCTURE DEVELOPMENT,PALESTINE INVESTMENT FUND PLC,SPECIAL PURPOSE ENTITY(IES)/FUND
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
USD 18 million (EUR 16 million)
USD 36 million (EUR 32 million)
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

The project consists of the construction of up to 500 rooftop photovoltaic systems on schools in the West Bank with a total capacity of up to 35 Megawatt Peak (MWp).

The project main objective is to foster economic resilience through a long-term investment in decentralised energy systems. Another objective is to contribute to climate change mitigation by increasing electricity generation capacity from renewable sources and to support low carbon and climate resilient development; the project would also create awareness among teachers and students with respect to the benefits of renewable energy and the threat of climate change and it would reduce the Ministry of Education's financial burden.

Environmental aspects
Procurement

If the project was located in the EU, it would fall under Annex II of the Environmental Impact Assessment (EIA) Directive (2014/52/EU), requiring the competent authorities to determine whether an EIA is required. Competent authorities in the EU would typically not require an EIA for this type of project. Under national legislation (Environmental Law of 1999, Environmental Assessment Policy of 2000) the project would follow a screening process to determine whether an EIA is required. The project impacts and compliance of the permitting procedures with EIB Environmental and Safety (E&S) standards will be assessed in detail during the appraisal.

The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.

Under ELM Guarantee

This operation is covered by the ELM Guarantee.

Link to source

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) - SCHOOL ROOFTOPS PHOTOVOLTAIC SYSTEMS
Publication Date
7 Feb 2019
Document language
Main Topic
Lending
Document Number
87254123
Document Focus
Environmental Information
Project Number
20160624
Sector(s)
Countries
Publicly available
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