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    Signature(s)

    Amount
    € 50,000,000
    Countries
    Sector(s)
    EU Countries : € 50,000,000
    Services : € 50,000,000
    Signature date(s)
    23/05/2019 : € 50,000,000
    Link to source

    Summary sheet

    Release date
    1 April 2019
    Status
    Reference
    Signed | 23/05/2019
    20180697
    Project name
    Promoter - financial intermediary
    BREAKTHROUGH ENERGY EUROPE FUND
    BREAKTHROUGH ENERGY VENTURES LLC,ACCEPTABLE CORPORATE(S)
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 50 million
    EUR 100 million
    Location
    Sector(s)
    Description
    Objectives

    The project consists of an equity fund that will invest in economically-viable breakthrough clean energy technology companies along the innovation chain in Europe.

    Equity investment in energy innovation is essential in order for innovative technologies which are capital intensive in their early stages of development, to reach commercial demonstration and eventually achieve critical mass. The Fund aims to provide such risk-tolerant and patient capital. The Fund's operations will focus on breakthrough clean energy technologies with significant greenhouse gas emission reduction potential.

    Environmental aspects
    Procurement

    The Bank will ensure that the Fund's operational guidelines comply with the social and environmental standards of the EIB.

    The Fund has been assessed by EIB as investing only in private companies not being subject to EU rules on public procurement or concessions. However, if after the appraisal, the EIB were to conclude that the Fund invests also in projects subject to EU public procurement legislation, then the Bank would require the fund manager to ensure that contracts for the implementation of the projects financed by the Fund will be done in accordance with the Bank's Guide to Procurement.

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - BREAKTHROUGH ENERGY EUROPE FUND
    Publication Date
    11 Jun 2019
    Document language
    Main Topic
    Lending
    Document Number
    91312385
    Document Focus
    Environmental Information
    Project Number
    20180697
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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