Ascame round table "General overview of the EIB enery strategy: focus outside the EU"

1. General overview of the EIB energy strategy: focus
outside the EU
Juan Alario
Associate Director
Head of Energy Efficiency and Renewable Energy
European Investment Bank
Round Table ASCAME
(Association of the Mediterranean Chambers of Commerce and Industry)
3 may 2014, Tangier
1

2. 05/05/2014 2
EIB mandates outside the EU: different objectives depending on
the mandates, but the important ones related to energy are:
Supporting climate action through the development of RE&EE
projects
Supporting economic growth through development of energy
infrastructures
Contributing to EU security of energy supply and energy market
integration with neighbouring countries, particularly with the EU

3. 05/05/2014 3
EIB actions and instruments outside the EU
Provision of financing (from senior loans to equity depending on the
mandate)
From External mandates
From EIB own resources: Sustainable Energy Facility (EUR 5 bn)
Support to specific initiatives: The Mediterranean Solar Plan;
Sustainable Energy for All, the Western Balkans investment
framework, etc.
EIB manages technical assistance programmes to support project
preparation and to develop new initiatives or financial instruments
EIB manages specific financing instruments dedicated to energy
(blending grants with loans and TA, equity funds, etc): GEEREF,
EEFF, etc.

4. 05/05/2014 4
EIB and Energy Sector
15-20% of total lending
90% to EE, RE and networks
Substantial technical assistance
Significant part of Climate Action lending
EIB’s Energy Screening and Assessment Criteria have been recently
reviewed (July 2013) see our website (www.eib.org)

5. 05/05/2014 5
Energy Efficiency: EIB action
Mainstreaming EE in all projects it finances
Support to financial intermediaries and promoters to develop EE
projects: TA and developing financial instruments, on its own behalf
or in cooperation with Commission or other entities
Develop specific instruments, often in cooperation with
Commission:
ELENA, Green for Growth, EEFF, etc

6. 05/05/2014 6
Energy Efficiency: EIB eligibility criteria
Support of cost efficient investments and EE should be a significant
element of the investment
Streamlined approach to support small projects of national
(regional) programmes
Support roll-out of near zero energy buildings
Support deployment of new and innovative
EE technologies

7. 05/05/2014 7
Renewable energy: EIB eligibility criteria
Mature RE, where costs are not expected to decline significantly
(on-shore wind, hydropower, conventional geothermal, biomass for
energy)
Competitive with alternative considering environmental,
security of supply benefits and cost of intermittence (if
appropriate)
Emerging RE, currently not competitive (off-shore wind, PV, CSP)
Can be supported provided that have good prospects of
competitiveness with alternatives
Support RE at RDI stage

8. 05/05/2014 8
Priorities for Energy networks
Electricity
Smart grids and distribution programmes
Transmission projects for RE integration
Storage
Gas transmission fuel to low-carbon economy
LNG regasification
Gas storage
Import and interconnection projects
Transmission and distribution networks especially where
displaces higher carbon alternatives

9. 05/05/2014 9
Research, Developmetn and Innovation
Accelerate deployment of low carbon technologies
Support EU industrial competitiveness and growth
Insufficient funding across the EU in energy RDI
EIB priorities:
Support implementation of EU SET-Plan technologies
Provide TA to support sector
Develop financial instruments in cooperation with the Europena
Commission

10. 07/11/2013 10
Fossil fuel generation: introduction of a Emission Performance Standard
Except for least developed countries and those formally indentified by the WB as Low
Income countries