ANNOUNCEMENT 30 Jun 2015

On 30 June 2015, the EIB provided financing worth EUR 75 million (USD 84 million).

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 30 Jun 2015 | Removal date: open ended

Loan guarantee

The EIBs EUR 75 million (approx. USD 84 million) loan with Copenhagen Infrastructure Partners k/s signed on 30 June 2015 was backed by a guarantee from the European Fund for Strategic Investments (EFSI).

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.

Inception date: 30 Jun 2015 | Removal date: open ended

State loan

On 30 June 2015, the European Investment Bank (EIB) and Copenhagen Infrastructure Partners k/s signed an agreement worth EUR 75 million (approx. USD 84 million) for the project Copenhagen Infrastructure Ii from Denmark.

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.