| Project Detail |
Roll-out of photovoltaic installations on the roofs of the promoters logistic centers in Central and Eastern EU (Czech Republic, Hungary, Romania, Slovakia) and other EU countries.
Additionality and Impact
The project produces electricity from low carbon sources through the roll-out of solar panels on the roofs of the Promoters logistic and semi-industrial centres located across fourteen EU countries as well as Serbia. The project addresses a number of market failures of negative climate and environmental externalities, from contributing to the reduction in carbon and air pollution, to improving energy markets efficiency and integration through participation in the wholesale markets.
This operation supports national targets related to renewable energy (RE) generation and it will hence contribute to EU energy objectives, notably security of energy supply and tackling climate change. It also supports the Banks priority lending objectives concerning renewable energy and it will contribute 100% to climate action. The operation is therefore eligible under Article 309 (c) common interest in energy (energy efficiency, renewable energy) and environment (tackling climate change). The operation is expected to yield good economic rate of return and a positive broader social benefit. The Promoter is deemed capable of implementing the project considering its overall experience. The EIBs financial contribution to the project is high, as it provides longer term finance at competitive terms, not readily available in the market.
Objectives
The roll-out of photovoltaic installations across the Promoters logistic centres will allow for the production of electricity from low-carbon sources and thus contribute to the reduction of carbon emissions. The project will increase the renewable energy generation capacity across the Czech Republic, Hungary, Romania, Slovakia as well as other EU markets, hence contribute to national and EU climate objectives.
Sector(s)
Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 150 million
Total cost (Approximate amount)
EUR 250 million |
