ENEDIS TRANSITION AND ADAPTATION (PHASE 1)

Promoter – Financial Intermediary

ENEDIS

Location

• France

Description

The project will finance ENEDIS's network transition and adaptation to climate change, in particular connections to new renewable energy units, including the network resilience and modernisation.

Objectives

The aim is to support the investments needed to increase the renewable capacity and strengthen the network to make it more resilient to climate change.

Sector(s)

• Energy - Electricity, gas, steam and air conditioning supply

Proposed EIB finance (Approximate amount)

EUR 500 million

Total cost (Approximate amount)

EUR 1008 million

Environmental aspects

The project includes components that fall under Annex II of the Environmental Impact Assessment (EIA) Directive (2011/92/EU), which requires the competent national authority to determine the need for an environmental impact assessment (EIA). The impacts that can be typically expected for some schemes relate to visual impact, vegetation clearance, collision and electrocution of flying vertebrates, electromagnetic fields, noise nuisance, and disturbances during construction, as well as the possible impacts on protected fauna and flora (Habitats 92/43/EC and Birds 2009/147/EC). The environmental and social due diligence will follow the programme lending approach according to the EIB's procedures and standards. It will focus on the Promoters' capacity to implement the project in line with EIB environmental and social standards and requirements.

Procurement

The promoter has to ensure that contracts for implementation of the project have been or will be tendered in accordance with the applicable EU procurement legislation Directive 2014/25/EU as well as Directive 92/13/EEC (amended by 2007/66/EU) as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.

Status

Signed - 2/08/2024