Release date: 25 August 2017
Promoter – Financial Intermediary
PIRAEUS BANK SALocation
Description
Framework loan that falls under the "Private Finance for Energy Efficiency (PF4EE)" programme. The loan will aim at financing small-scale energy efficiency projects in the areas of building renovations, outdoor lighting and water pumping stations undertaken by individuals, small and medium-sized enterprises (SMEs) and small municipalities.
Objectives
PF4EE was established under the umbrella of the EIB's DEEP Green initiative, which aims at scaling up financing for energy efficiency across a range of channels, including through stimulating financial intermediaries into focusing more of their lending on energy efficiency projects. The proposed loan will support the financing of building renovation projects achieving improvement in the buildings' energy performance, replacements of outdoor lighting systems and renovations of water pumping stations for agricultural use, under the umbrella of Piraeus Bank's Green Banking initiative.
Comments
This operation is subject to approvals by the EIB's Governing Bodies.
Sector(s)
- Industry - Construction
- Energy - Electricity, gas, steam and air conditioning supply
- Agriculture, fisheries, forestry - Agriculture, forestry and fishing
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EUR 133 million
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 22/12/2017
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).