| Project Detail |
The delinked risk sharing with Natixis, on an existing portfolio of Project Finance loans in the renewable energy and infrastructure sectors. With the resources made available by the Bank, Natixis will grant new loans to eligible climate action project transactions (mainly renewable energy) primarily in Italy, but possibly also other EU countries.
Objectives
The aim is to enhance access to finance for eligible renewable energy projects across the EU and thus contribute to the EU-wide target of 32% of renewable energy in gross final energy consumption (RES) by 2030 as set out in the EU RE Directive 2018/2001. As a number of projects should be located in EIB Cohesion Priority Regions, the operation is also eligible under Article 309 (a) "projects for developing less-developed regions" and (c) "common interest". Ultimately, this project will contribute to the EIBs lending priority policy on social cohesion, renewable energy and climate action.
Sector(s)
Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 150 million
Total cost (Approximate amount)
EUR 300 million |
