Release date: 6 March 2012
Promoter – Financial Intermediary
ACCEPTABLE BANK(S)Location
Description
The proposed operation would support projects in the renewable energy, energy efficiency and other climate change mitigation and adaptation sectors
Objectives
The proposed operation will focus on supporting a series of investments that contribute to climate change mitigation through the avoidance or reduction of emissions of greenhouse gases, or their sequestration, by the use of renewable energy sources and energy efficiency enhancements as well as afforestation or reforestation. The proposed operation may also include climate change adaptation projects on a case by case basis.
Comments
This operation is covered by the EU Guarantee for EIB loans outside the EU.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 150 million
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The key objective of this operation is to improve the global environment by supporting projects that help to mitigate climate change. Most individual schemes to be financed will be small and are expected to have limited negative environmental impacts. All investment schemes will be required to meet the relevant national and EU environmental standards, including due consideration for protection of sites of nature conservation, as well as the social safeguards of the Bank.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 31/10/2012
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).