📋 Tender Overview
Reference: 20240194
Release date: 12 March 2025
Promoter – Financial Intermediary
BANK BILBAO VIZCAYA SILVER SA
Location
Spain
Description
The operation consists of a synthetic securitisation under InvestEU of an SME portfolio originated by BBVA to support Green projects in Spain more specifically projects in the Energy Efficiency area promoted by "Comunidad de Vecinos" (community of neighbours).
Objectives
This operation will contribute to finance Energy Efficiency projects in Spain carried by "Comunidades de Propietarios".
Sector(s)
Industry - Construction
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EUR 400 million
Environmental aspects
The proposed operation falls within the scope of the EIB's Environmental and Social Standards - "Standard 11 Intermediated Finance". The Borrower / Financial Intermediary has adequate capacity, systems and processes in place for identifying, assessing, managing and monitoring environmental, climate and social (ECS) risks related to the potential sub-projects benefitting from EIB support. The Final beneficiaries will be required to comply with applicable national and EU legislation in respect of environmental and social matters, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Under appraisal
