Release date: 23 March 2010
Promoter – Financial Intermediary
Promoter : Région Midi-Pyrénées
Borrower : Acceptable banks to be selected by the promoter
Location
Description
Framework loan to finance renewable energy projects, including mainly photovoltaics and wind energy and anaerobic digestion with organic waste; as well as most likely energy efficiency in the Midi-Pyrénées region.
Objectives
Energy
Protection of Environment and Sustainable Communities
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 350 million.
Total cost (Approximate amount)
EUR 700 million.
Environmental aspects
This operation intends to bring environmental benefits by supporting projects that help to mitigate climate and reduce energy consumption. The individual schemes are likely to be small and would be expected to have limited environmental impacts. Due to their technical characteristics, the schemes to be proposed for allocation are likely to fall under Annex II of the EIA Directive. The Bank will assess the capacity and procedures of financial intermediaries to ensure compliance with national and European environmental and biodiversity regulations.
Procurement
The Bank will review the systems and procedures applied by the scheme promoters during appraisal, including compliance with relevant national and EU legislation, as defined by Procurement Directive 2004/17/EC, and publication in the Official Journal of the EU where appropriate.
Status
Signed - 18/10/2010
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).