SOLAS SUSTAINABLE ENERGY FUND

Promoteur – Intermédiaire Financier

SOLAS CAPITAL AG

Lieu

• Pays de l’UE

Description

The project concerns an equity investment into the Solas Sustainable Energy Fund (SSEF), a debt fund. SSEF will provide EUR 160m of debt financing to Energy Service Companies (ESCOs) to implement energy efficiency and small renewable projects, mainly in the EU.

Objectifs

The project is in line with both the EIB's priority of financing renewable energy and energy efficiency projects and the EU's climate change and security of energy supply objective.

Secteur(s)

• Industrie - Construction

Montant BEI envisagé (montant approximatif)

EUR 30 million

Coût total (montant approximatif)

EUR 160 million

Aspects environnementaux

Details of the Sustainable Energy Transition Investment Fund (SETIF's) environmental and social due diligence procedures for ensuring compliance with relevant EU and national regulation and EIB's Environmental and Social Standards as well as the capacity of the Fund Manager to assess and monitor environmental and social risks and impacts, will be reviewed during appraisal.

Passation des marchés

The EIB will require the Fund Manager to take all the requisite measures to ensure that contracts for the implementation of the projects financed by the Fund will be tendered in accordance with the relevant applicable EU procurement legislation. Directive 2014/23/EU / 2014/24/EU or 2004/18/EC / 2014/25/EU or 2004/17/EC, where applicable, as well as Directive 92/13/EEC or Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

Statut

Signé - 17/12/2020