| Project Detail |
The operation concerns the purchase of publicly offered green bonds to finance the distribution network investments of Electricité de France (EDF), as indicated in EDFs green bond framework. In detail, this operation is a pilot product and an alternative instrument to a direct loan. The bond proceeds will be used to finance and refinance projects in line with the criteria of EIBs "Climate Action" and/or "Environmental Sustainability" objectives (CA&ES).
Objectives
The operation is in line with EIBs lending priority objectives on Energy (Renewable Energy, Competitive and Secure Energy) as well as the transversal objectives on Climate Action (mitigation). The aim is to support EUs and Frances renewable energy and greenhouse gas emission reduction goals. EDF will use the bond proceeds to finance a combination of EIB-eligible and non-EIB-eligible projects such as investments in electricity distribution networks, district heating, renewable generation (including wind, solar, geothermal or hydropower projects), district heating, district heating/cooling distribution, production of heat and/or power from bioenergy or waste heat and electricity storage (including pumped storage) mainly in the EU and EFTA, with some projects located in the US and UK, while a few in other countries. Projects located outside of the EU/EFTA will not be considered for EIB eligibility. Nuclear power will be excluded from the issuance.
Sector(s)
Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 500 million
Total cost (Approximate amount)
EUR 1000 million |
