€500m for lycées and training institutes
This €500m financing operation will focus on expanding the region’s public and private educational establishments, upgrading them to meet the required standard and improving their energy efficiency, the key component being the construction of the next lycée to meet the BEPOS (“bâtiment à énergie positive” – positive energy building) standard, the future lycée des métiers (vocational college) in Bergerac (Dordogne). It will also help to significantly improve the energy performance of lycées via the installation of photovoltaic panels on the roofs of the schools, fully complying with the Europe 2020 targets.
€300m for businesses
The Aquitaine Region and the EIB, in partnership with Crédit Agricole and the BPCE (Banque Populaire et Caisse d’Epargne) Group, have undertaken to provide €300m to support the generation of renewable energy and the energy-focused renovation of buildings while at the same time meeting the financing requirements of project promoters in the region. The operation is being financed jointly by the European Investment Bank via a €150m credit line to be made available to two banking partners – Crédit Agricole and the BPCE (Banque Populaire et Caisse d’Epargne) Group – which will provide additional finance totalling €150m to co-finance this major regional project in support of renewable energy and energy efficiency. The local banking partners will make a total of €300m in the form of loans on favourable terms available to project promoters throughout the region. The regional guarantee fund, in partnership with Oséo, will also be mobilised to support initiatives taken by micro, small and medium-sized enterprises. This will help to improve – in a very concrete way – the financial terms offered to small businesses, including farms.
This EIB financing operation in support of Aquitaine demonstrates Europe’s practical commitment in favour of climate action in this region, from which the inhabitants, in particular the young people attending lycées and training institutes, will be the first to benefit. It also reflects the EIB’s growing activities in support of regional authorities, which have invested nearly €7bn since January 2012 by leveraging funds provided by other financial partners.