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According to the EIB, the operation consists of a second intermediated Framework Loan of up to EUR900 million with Bpifrance, the French National Promotional Bank for private companies. It finances small and mid-sized renewable energy sub-projects in France and other countries in the EU.
The operation aims to enhance access to finance for private companies and special purpose vehicles undertaking renewable energy projects. The operation is fully (100%) aligned with Green Finance objectives, making a direct contribution to addressing climate change. It also supports national and EU renewable energy targets, notably ensuring energy supply security. Through its impacts, the operation will support the EU Competitiveness Compass agenda and the EU Action Plan on Affordable Energy and the the latest EU Clean Energy Investment Strategy.
As stated by Bloomberg, BPIFrance operates as an investment company. The Company provides direct funding, guaranteed bank loans, investments, export credit insurance, coaching, and financial solutions. BPIFrance serves customers worldwide.
No project contacts provided at the time of disclosure.
ACCESS TO INFORMATION
You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm
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The EIB Complaints Mechanism is designed to facilitate and handle complaints against the EIB by individuals, organizations or corporations affected by EIB activities. When exercising the right to lodge a complaint against the EIB, any member of the public has access to a two-tier procedure, one internal - the Complaints Mechanism Office - and one external - the European Ombudsman. A complaint can be lodged via a written communication addressed to the Secretary General of the EIB, via email to the dedicated email address: complaints@eib.org, by completing the online complaint form available at the following address: http://www.eib.org/complaints/form via fax or delivered directly to the EIB Complaints Mechanism Division, any EIB local representation office or any EIB staff. For further details, check: http://www.eib.org/attachments/strategies/complaints_mechanism_policy_en.pdf
When dissatisfied with a complaint to the EIB Complaints Mechanism, citizens can then turn towards the European Ombudsman. A memorandum of Understanding has been signed between the EIB and the European Ombudsman establishes that citizens (even outside of the EU if the Ombudsman finds their complaint justified) can turn towards the Ombudsman on issues related to 'maladministration' by the EIB. Note that before going to the Ombudsman, an attempt must be made to resolve the case by contacting the EIB. In addition, the complaint must be made within two years of the date when the facts on which your complaint is based became known to you. You can write to the Ombudsman in any of the languages of the European Union. Additional details, including filing requirements and complaint forms, are available at: http://www.ombudsman.europa.eu/atyourservice/interactiveguide.faces