VIPA ENERGY EFFICIENCY INVESTMENT PLATFORM SFSB (EIB-20180145)

Countries
  • Lithuania
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
Proposed
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.
Borrower
SPECIAL PURPOSE ENTITY(IES)/FUND
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Finance
  • Infrastructure
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)
$ 29.24 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 25 million
Converted using 2018-07-23 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Jan 31, 2019

Disclosed by Bank May 3, 2018


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Project Description

The EIB is financing a Lithuanian national promotional institution (NPI) in establishing an investment platform to promote, finance and implement energy efficiency modernization projects across the country, in particular residential, public and industrial buildings, street lighting and transportation. 

According to EIB website, by setting up this investment platform, VIPA, the Lithuanian public investment development agency, will have an opportunity to achieve national strategic goals in energy efficiency, support the implementation of effective energy consumption methods in various economic sectors, create synergies from the cooperation with other national companies and attract private financing. The overall purpose is to contribute to developing a modern, sustainable economy.

Investment Description
  • European Investment Bank (EIB)

This loan falls partly under the Smart Finance for Smart Buildings (SFSB) Initiative, a joint initiative of the EIB Group and the European Commission (EC) aiming at supporting energy efficiency investments in buildings.

Contact Information

*There is no further information released at this stage of the project*

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