ANNOUNCEMENT 30 Jun 2015On 30 June 2015, the EIB provided financing worth EUR 75 million (USD 84 million).
NUMBER OF INTERVENTIONS
EIB, Project financing summary, 'Copenhagen Infrastructure Ii', 30 June 2015.
EIB, Project summary, 'Copenhagen Infrastructure Ii', 30 June 2015.
EIB, Financed projects list
European Investment Bank. Press release. Denmark: First financial transaction under Investment Plan for Europe: EIB backs innovative renewable energy infrastructure fund .
The EFSI is a joint initiative by the EIB and the European Commission to promote investment in Europe, acting as the main pillar of the Investment Plan for Europe. It provides first-loss guarantees enabling the EIB to invest in more and often riskier projects. The loan described above was issued under the EFSI and thus benefits from a full guarantee through the EU budget.
EFSI support does not fall under EU State Aid rules as it is meant as a tool to address 'market failures or sub-optimal investment situations'. However, the investment support does include favourable conditions in the form of public assumption of risk.
According to the project description issued by the EIB, Infrastructure fund investing in larger renewable energy projects, with a focus on wind, biomass and offshore transmission..
The objective of the project is defined as following: The fund targets mezzanine and equity-type investments primarily in greenfield energy-related projects with a focus on offshore wind, biomass, and electricity transmission, mainly in Northern and Western Europe..
A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.