According to the EIB, the project consists of a line-by-line guarantee agreement with IKB Deutsche Industriebank AG for up to 50% of their risk exposure. Sub-loans will finance electricity and energy infrastructure (district heating and electrical grid expansion) or public water and telecommunication infrastructure.

The operation falls under the Growth for Energy (G4E) initiative, designed to support small scale energy and related infrastructure investments at municipal level. Eligible sectors include, for example, electrical grid expansion, district heating, water infrastructure and telecommunications. Additional investment schemes may be deemed eligible and will be checked during appraisal.
The operation supports IKB in expanding its lending activity to utility companies, such as the German and Austrian "Stadtwerke" which are facing significant investment challenges for the modernisation and the decarbonisation of the existing energy supply infrastructure. The risk-sharing instrument enables IKB to access capital relief and loss protection for newly originated eligible transactions and it alleviates limit restrictions on individual obligors/sectors, while offering affordable financing to eligible final beneficiaries, helping them invest in infrastructure upgrades, required for the green transition.

The project will complement to IKB LRS ENHANCED SUPPORT operation for mid-caps. While the G4M allows funding to mid-caps only, the proposed operation focuses on the market gap in the energy and municipal infrastructure.

As stated by Bloomberg, IKB Deutsche Industriebank Aktiengesellschaft provides deposits and commercial banking services. The Bank offers corporate, real estate, and lease financing, venture capital, funding for public sector infrastructure projects, and export financing. IKB Deutsche Industriebank serves customers in Germany.

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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