Add us as your preferred source on Google to see more of our content in Search.
Add to Preferred SourcesLa Banque Postale has just signed a framework agreement with the European Investment Bank (EIB) for the development of renewable energies (photovoltaic power plants and wind farms) in France. This agreement strengthens La Banque Postale’s role as a key player in financing regional energy transitions.
The EIB is confident of La Banque Postale’s expertise in putting together and supporting financing projects to develop renewable energies in France and will provide funds on a favorable rate to enable the bank to improve the lending conditions offered to its customers. It will also be able to cover up to 50% of the risk of loans granted by La Banque Postale.
In line with the La Poste group’s Energy Transition Shared Priority Programme, La Banque Postale is reaffirming its commitment to supporting energy transition policy in France by taking a leading role in financing renewable energies.
“This is covered by a risk-sharing agreement signed with La Banque Postale in November 2018,” explained EIB Vice-President Ambroise Fayolle. “This operation illustrates the EIB’s commitment to financing ambitious climate projects with the support of its banking partners.”
With extensive expertise in large-scale renewable energy projects, in 2018 it granted almost EUR 800m in loans primarily to wind farm and photovoltaic projects. It also provided EUR 100m – again via the EIB – for public building energy optimisation projects.
Original source: EIB
Published on 23 April 2019