European Investment Bank
Donors’ Conference on Sustainable Energy for Kosovo
Financial Instruments for Supporting Renewable
Energy and Energy Efficiency projects
Pristina 14 May 2013
WHAT IS THE EIB
EIB IN KOSOVO*
EIB FOR ENERGY
* This designation does not affect, and is without prejudice to, the position expressed by the EU Member States on
Kosovo’s status and is in line with UNSCR 1244 (1999) and the ICJ Opinion of 22 July 2010 on Kosovo declaration
of independence.
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
Largest multilateral borrower and lender
Headquartered in Luxembourg with a network of regional
and local offices
3
Breakdown of the EIB’s capital
As at 31 December 2012
4
EIB for EU policy goals
Growth and Employment
*
Knowledge Economy
*
Trans-European Networks (TENs)
*
Competitive and secure energy
*
Urban renewal and regeneration
*
SMEs
Environmental Sustainabilty
*
Environmental protection
*
Renewable energy and energy efficiency
*
Sustainable transport
Economic and Social Cohesion
Climate Action
5
2012 Key figures
European Union:
EUR
44.7bn
Partner countries:
EUR
7.4bn
Total lending:
EUR
52.2bn
Borrowings:
EUR
71.3bn
Subscribed capital:
(at 31/12/2012)
EUR
242.4bn
6
EIB Signatures 2012 (in EUR)
7
Value Added
Financial benefits (rate & tenor)
Support for EU priority objectives
Project quality and soundness
Technical assistance
8
Project Requirements
Projects must:
Meet EIB’s lending priorities
Be technically sound
Be financially viable
Show an acceptable economic return
Comply with environmental protection and procurement
regulations
9
EIB IN KOSOVO*
* This designation does not affect, and is without prejudice to, the position expressed by the EU Member States on
Kosovo’s status and is in line with UNSCR 1244 (1999) and the ICJ Opinion of 22 July 2010 on Kosovo declaration
of independence.
10
EXTERNAL MANDATE - Decision no. 1018/2011/EU of the European
Parliament and of the Council of 25 October 2011
EU guarantee to EIB against losses under loans and loan
guarantees for projects outside the Union and carried out by both
public and private promoters.
OPERATIONAL GUIDELINES
designated entity – ADOPTED
–
Government
of
Kosovo*:
FRAMEWORK AGREEMENT with Government of Kosovo* – TO
BE AGREED, APPROVED INTERNALLY, SIGNED AND
RATIFIED.
PRE-ACCESSION FACILITY – EIB own risk and currently residual given
conservative risk approach. In principle for investments in both public and
private sector although the latter may more likely present an acceptable
risk profile.
11
EIB FOR ENERGY
Renewable Energy and Energy Efficiency
12
EIB Lending to the Energy Sector - in Context
Energy sector to contribute to EU priorities:
Growth and employment : competitive and secure energy
Environmental sustainability : renewable energy and energy
efficiency
Climate Action
20% of EIB lending – debt, equity and EU-EIB risk sharing
facilities (RSFF, LGTT)
Technical assistance in energy sector – ELENA, NER300
13
EIB Lending to the Energy Sector - in Context
Priorities since 2007:
Renewable energy – RE
Energy Efficiency – EE
Security of energy supply
RDI
Outside the EU - External energy security and
economic development
significant increase in funding for RE and EE
14
EIB Energy Lending by Area
2007-2011 Signatures
15
EIB Energy Lending by Sector
2007-2011 Signatures
16
NEXT STEPS
NEW LEGAL FRAMEWORK
IDENTIFICATION OF INVESTMENTS
EFFICIENT PARTNERSHIP WITH GOVERNMENT AND
EFFECTIVE SYNERGIES WITH OTHER FINANCIERS
17
Contact Information
Matteo Rivellini
Senior Loan Officer
m.rivellini@eib.org
98-100 boulevard Konrad Adenauer
L-2950 Luxembourg
Tel: +352 43 791
www.eib.org
THANK YOU!
18