SUMA CAPITAL ENERGY EFFICIENCY (EIB-20160551)

Regions
  • Europe and Central Asia
Where the impacts of the investment may be experienced.
Countries
  • Portugal
  • Spain
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
Aug 2, 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
SUMA CAPITAL SGEIC SA
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 23.70 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 20 million
Converted using 2017-08-02 exchange rate.
Loan Amount (USD)
$ 23.70 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 20 million
Converted using 2017-08-02 exchange rate.
Project Cost (USD)
$ 118.51 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 100 million
Converted using 2017-08-02 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Mar 20, 2018

Disclosed by Bank May 5, 2017


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Project Description

According to EIB website, the project is an infrastructure fund targeting energy efficiency and circular economy projects in Spain. The project concerns an equity investment in an infrastructure fund aiming to invest in energy efficiency (e.g. hotel renovation, retrofit of industrial facilities, public lighting), renewable energy (e.g. biomass district heating) and circular economy (e.g. waste valorisation and material recovery), with a primary focus in Spain and Portugal (some 90%) and opportunistically in other European countries.

The Bank will require that projects financed under this operation comply with applicable domestic and EU legislation, as appropriate.

Investment Description
  • European Investment Bank (EIB)
Contact Information

*No contact information provided at the time of disclosure.*

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