Release date: 8 March 2007
Promoter – Financial Intermediary
Green Alliance F.C.R., an energy infrastructure investment fund focused on the provision of equity and subordinated debt for the financing of renewable energy projects in Spain promoted under the Spanish Renewable Energy Plan 2005-2010. The Fund will be managed by Green Alliance SGECR, SA, an independent fund management team.Location
Description
The fund will make investments in Special purpose companies, established to undertake renewable energy projects particularly in the wind, solar, biomass and bio-diesel sectors.
Objectives
The fund will invest in projects that generate environmental benefits by producing energy from renewable sources. Projects will thus support national and European targets for renewable energy generation and abatement of CO2 emissions. The fund will produce a commercial return to investors.
Comments
Renewable Energy.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 25 million.
Total cost (Approximate amount)
Up to EUR 120 million.
Environmental aspects
Investee companies to meet the Bank’s environmental standards. Compliance to be monitored by the fund manager.
Procurement
Investee companies to meet the Bank’s procurement standards. Compliance to be monitored by the fund manager.
Status
Signed - 4/07/2007
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).