Name of Financing Organisation:
European Investment Bank (EIB)
Type of Financing Organisation:
Type of Measures/ Technologies:
Countries eligible for financing:
Type of Financing:
Financing range (EUR):
As a rule, the Bank lends up to 50% of the capital required for a project.
Description & Conditions:
The project promoted by the public or private client must be in line with the eligibility criteria of the EIB (see: http://www.eib.org/projects/topics/index.htm) and be economically and financially sound. Application: http://www.eib.org/projects/regions/med/funding/index.htm FEMIP focuses on three areas: improving the local population’s access to sources of energy; integrating the Euro-Mediterranean’s energy markets and diversifying the sources of supply, particularly by drawing on renewable forms of energy. This third area is of growing importance for FEMIP, which has undertaken to coordinate the establishment of the Mediterranean Solar Plan, one of the Union for the Mediterranean’s six key initiatives. The Plan will concentrate initially on research and development, followed by commercialisation of the alternative energy sources.
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