UK ENERGY EFFICIENCY INVESTMENTS FUND II (EIB-20160161)

Regions
  • Europe and Central Asia
Where the impacts of the investment may be experienced.
Countries
  • United Kingdom
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Oct 7, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Sustainable Development Capital LLP
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 65.69 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 56.00 million
Converted using 2017-10-07 exchange rate.
Loan Amount (USD)
$ 65.69 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 56 million
Converted using 2017-10-07 exchange rate.
Project Cost (USD)
$ 371.84 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 317.00 million
Converted using 2017-10-07 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Feb 17, 2018

Disclosed by Bank May 17, 2016


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Project Description

According to EIB website,  Infrastructure fund targeting energy efficiency investments in the UK and continental EU. It aims at achieving energy efficiency gains by investing in three project categories:

(i) reduction of energy through more efficient lighting, heating and cooling and building management systems;

(ii) distributed generation of energy through high-efficiency CHPs and renewable energy and;

(iii) improvement of grid efficiency through energy storage and demand response systems.

The development of energy efficiency and renewable energy projects supports national and European targets in these two areas and thus supports the EU's climate change and security of energy supply objectives. The project is in line with the Bank's priority energy lending objectives concerning renewable energy and energy efficiency.

For this project, it will be requested to comply with applicable national and EU legislation on environmental and social standpoint, as appropriate.

Investment Description
  • European Investment Bank (EIB)
Contact Information

No contact information provided at the time of disclosure. 

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