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05/10/2017 1
European Investment Bank
The bank of the EU
Iceland Geothermal Conference, March 6, 2013
05/10/2017 2
The European Investment Bank (EIB)
Long-term finance promoting European objectives
European Union’s long-term lending bank set up in 1958
by the Treaty of Rome.
Shareholders: 27 EU Member States
Governance
Board of Governors – EU Finance Ministers
Board of Directors - Member States & European Commission
Management Committee –EIB’s executive body
Audit Committee – independent, non-resident
05/10/2017 3
The European Investment Bank (EIB)
European priority objectives
Within the Union:
Convergence
Small and medium-sized enterprises (SMEs) and
mid-cap enterprises (midcaps)
Environmental sustainability
Knowledge Economy
Trans-European Networks (TENs)
Sustainable, competitive and secure energy
05/10/2017 4
The European Investment Bank (EIB)
Under EU Mandates:
Pre-Accession
Candidate Countries: Croatia, Iceland, Former Yugoslav
Republic of Macedonia, Montenegro and Turkey
Potential Candidate Countries – Western Balkans
European Neighbourhood
Mediterranean Partner Countries (FEMIP)
Russia and Eastern Neighbours
Development
Africa, Caribbean and Pacific (ACP, PTOM)
South Africa
Asia and Latin America (ALA)
05/10/2017 5
05/10/2017 6
0
50
100
150
200
250
300
350
400
450
500
EIB World
Bank
IADB ASDB IFC EBRD NIB AfDB
Largest Supranational Lender
Gross outstanding loans,
equity investments and guarantees
Source: Standard & Poor’s; Supranationals -Special Edition 2011
Data as of 31.12.2010 (World Bank, IFC as of 30.06.2011)
EUR bn
Renewable Energy loans 2006 - 2011
2007 2008 2009 2010 2011 Sum:
Multisector and dedicated
transmission
1,079 349 797 1,728 1,943 5,896
Bio fuel manufacturing 168 0 0 21 0 189
Biomass 14 25 72 126 310 547
Geothermal power stations 223 0 174 251 40 688
Hydropower 481 248 393 331 594 2,048
Solar energy 196 429 515 571 819 2,530
Solar energy manufacturing 315 872 49 1,236
Wind energy 489 685 1,438 3,170 1,702 7,484
Wind energy manufacturing 210 399 45 654
2,650 2,261 4,661 6,198 5,502 21,271
05/10/2017 7
05/10/2017 8
Benefits of an EIB loan
Large amounts
Broad range of currencies
Long maturities
Attractive interest rates
Catalyst for participation of other banking or financial
partners
05/10/2017 9
Financing Facilities
Direct Loans
Large-scale projects (more than EUR 25m)
Intermediated Loans
Small and medium-scale projects (particularly to SMEs)
via national and regional intermediary banks
05/10/2017 10
Project Requirements
Projects must:
Meet at least one of the EIB’s objectives
Be technically sound
Be financially viable
Show an acceptable economic return
Comply with environmental protection and procurement
regulations
05/10/2017 11
The EIB project cycle
05/10/2017 12
For more information
http://www.bei.org/
Thomas Timme
t.timme@eib.org

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Financing Geothermal Project: The EIB Way

  • 1. 05/10/2017 1 European Investment Bank The bank of the EU Iceland Geothermal Conference, March 6, 2013
  • 2. 05/10/2017 2 The European Investment Bank (EIB) Long-term finance promoting European objectives European Union’s long-term lending bank set up in 1958 by the Treaty of Rome. Shareholders: 27 EU Member States Governance Board of Governors – EU Finance Ministers Board of Directors - Member States & European Commission Management Committee –EIB’s executive body Audit Committee – independent, non-resident
  • 3. 05/10/2017 3 The European Investment Bank (EIB) European priority objectives Within the Union: Convergence Small and medium-sized enterprises (SMEs) and mid-cap enterprises (midcaps) Environmental sustainability Knowledge Economy Trans-European Networks (TENs) Sustainable, competitive and secure energy
  • 4. 05/10/2017 4 The European Investment Bank (EIB) Under EU Mandates: Pre-Accession Candidate Countries: Croatia, Iceland, Former Yugoslav Republic of Macedonia, Montenegro and Turkey Potential Candidate Countries – Western Balkans European Neighbourhood Mediterranean Partner Countries (FEMIP) Russia and Eastern Neighbours Development Africa, Caribbean and Pacific (ACP, PTOM) South Africa Asia and Latin America (ALA)
  • 6. 05/10/2017 6 0 50 100 150 200 250 300 350 400 450 500 EIB World Bank IADB ASDB IFC EBRD NIB AfDB Largest Supranational Lender Gross outstanding loans, equity investments and guarantees Source: Standard & Poor’s; Supranationals -Special Edition 2011 Data as of 31.12.2010 (World Bank, IFC as of 30.06.2011) EUR bn
  • 7. Renewable Energy loans 2006 - 2011 2007 2008 2009 2010 2011 Sum: Multisector and dedicated transmission 1,079 349 797 1,728 1,943 5,896 Bio fuel manufacturing 168 0 0 21 0 189 Biomass 14 25 72 126 310 547 Geothermal power stations 223 0 174 251 40 688 Hydropower 481 248 393 331 594 2,048 Solar energy 196 429 515 571 819 2,530 Solar energy manufacturing 315 872 49 1,236 Wind energy 489 685 1,438 3,170 1,702 7,484 Wind energy manufacturing 210 399 45 654 2,650 2,261 4,661 6,198 5,502 21,271 05/10/2017 7
  • 8. 05/10/2017 8 Benefits of an EIB loan Large amounts Broad range of currencies Long maturities Attractive interest rates Catalyst for participation of other banking or financial partners
  • 9. 05/10/2017 9 Financing Facilities Direct Loans Large-scale projects (more than EUR 25m) Intermediated Loans Small and medium-scale projects (particularly to SMEs) via national and regional intermediary banks
  • 10. 05/10/2017 10 Project Requirements Projects must: Meet at least one of the EIB’s objectives Be technically sound Be financially viable Show an acceptable economic return Comply with environmental protection and procurement regulations
  • 11. 05/10/2017 11 The EIB project cycle
  • 12. 05/10/2017 12 For more information http://www.bei.org/ Thomas Timme t.timme@eib.org