APOLLO GREEN LOAN SOLAR PV

Promoter – Financial Intermediary

NEXTA BEL HOLDING SRL

Location

• Italy

Description

The project will finance the construction and operation of a solar photovoltaic plant for a total capacity of ca. 210 MWp in the Italian region of Sicily.

Objectives

The aim is to contribute to progress on the national and EU energy and climate goals, namely decarbonise electricity production in the EU and decrease the reliance on fossil fuels. The plant is located in an EIB Cohesion Priority Region, thus supporting its development.

Sector(s)

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

Proposed EIB finance (Approximate amount)

EUR 146 million

Total cost (Approximate amount)

EUR 194 million

Environmental aspects

The project and associated infrastructures have been screened in and underwent an EIA process, including public consultation, obtaining the environmental permit in June 2024. Compliance with applicable EU Directives, in particular concerning cumulative impacts and potential impacts on nature conservation sites, will be further assessed during the appraisal. The project is expected to contribute to Climate Action and Environmental Sustainability objectives, in particular to climate change mitigation and pollution prevention and control.

Procurement

The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions. However, if at the project appraisal, the EIB were to conclude that the promoter is subject to the EU public procurement legislation then the European Commission will be duly informed, which would require the promoter to apply those rules.

Status

Under appraisal - 6/11/2024