the eib group - rjl.se · att bevilja lån och garantier utan vinstsyfte underlätta ... •largest...
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The EIB Group
15/05/2017 European Investment Bank Group 1
Investing in Europe’s growth
• Natural financing
partner for the EU
institutions since 1958
• Around 90% of lending
is within the EU
• Shareholders: 28 EU
Member States
• EIB and subsidiary EIF
15/05/2017 European Investment Bank Group 2
Artikel 309 Fördraget om Europeiska Unionens Funktionssätt
Europeiska investeringsbanken ska ha till uppgift att genom att anlita
kapitalmarknaderna och utnyttja egna medel bidra till en balanserad och störningsfri
utveckling av den inre marknaden i unionens intresse. I detta syfte ska den genom
att bevilja lån och garantier utan vinstsyfte underlätta finansieringen av följande
projekt inom alla områden av ekonomin:
a) Projekt som syftar till utveckling av mindre utvecklade regioner.
b) Projekt som syftar till en modernisering eller omställning av företag eller till att skapa
nya verksamheter med anledning av den inre marknadens upprättande eller funktion
och som på grund av sin storlek eller sin natur inte helt kan finansieras med de olika
medel som är tillgängliga i de enskilda medlemsstaterna.
c) Projekt av gemensamt intresse för flera medlemsstater, vilka på grund av sin storlek
eller sin natur inte helt kan finansieras med de olika medel som är tillgängliga i de
enskilda medlemsstaterna.
När banken fullgör sina uppgifter ska den underlätta finansieringen av
investeringsprogram i samband med stöd från strukturfonderna och andra av unionens
finansieringsorgan.
• Largest multilateral lender and borrower in the
world
• We raise our funds on the international capital markets
• We pass on favourable borrowing conditions to clients
• Some 450 projects each year in over 160 countries
• Headquartered in Luxembourg with 33 local offices
• Around 2 600 staff:
• Not only finance professionals, but also engineers,
sector economists and socio-environmental experts
• More than 50 years of experience in financing projects
The EIB at a glance
The EIF at a glance
• Shareholders:
• European Investment Bank (61.4%)
• European Commission (26.5%)
• 28 public & private financial institutions (12.1%)
• Strong capital base (EUR 4.5bn)
• AAA-rated by the three major rating agencies
• Over 20 years of market experience in SME
financing
• Over 360 staff
15/05/2017 European Investment Bank Group 5
Advising
Blending
Lending
What we offer
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Lending
The vast majority of our financing is through loans, but we
also offer guarantees, microfinance, equity investment, etc.
Blending
Our support unlocks financing from other sources,
particularly from the EU budget. This is blended with loans
to form a full financing package.
Advising
Lack of finance is often only one barrier to investment. We
help with administrative and project management capacity
to facilitate investment.
Scale of Issuance – largest supranational
0
20
40
60
80
EIB IBRD -WorldBank**
IADB IFC** ADB EBRD AfDB NIB
US
D b
n
2014 2015 (e)
Volume of issuance
is larger than that of
other supranationals
… and compares
with that of certain
EU Governments
15/05/2017 European Investment Bank Group 7
*Gross financing requirement for FY2013-14 / 2014-15
**Fiscal years from 1 July to 30 June
Source: Barclays research/ best efforts estimates as of 9 February 2015
Data collated from a mixture of official reports and bond market analysis systems such as Dealogic
0
50
100
150
200
250
300
Italy UK* France Germany Spain EIB Nether-lands
Belgium Austria Portugal Denmark Finland
EU
R b
n
2014
2015 (e)
WE FOCUS ON OUR
KEY PRIORITIES
ENVIRONMENT
EUR 16.9bn
INFRASTRUCTURE
EUR 19.7bn
INNOVATION
EUR 13.5bn
SME
EUR 33.6bn
Total Lending 2016: EUR 83.7 bn
We are the world’s largest
provider of climate finance
15/05/2017 European Investment Bank Group 11
>25% worldwide 35% in the world’s
developing regions
EIB’s 2015 Climate Strategy
We are increasing our climate commitment:
USD 100bn over the next 5 years
EIB Group supported
investment
-
50
100
150
200
250
300
2012 2013 2014 2015 2016
Investm
ent
support
ed,
bn E
UR
EIB Group estimated investment supported
300
EFSI - Mobilising new investment
Flexible, diverse products offering risk-absorbing to trigger investments with higher risk profile
First EFSI operations financed in Sweden
Landmarken
Windfarm
Project
Norrlands-
fonden
Driving clean
energy
investment
Supporting
smaller
businesses
The European Investment
Fund (EIF) and
Norrlandsfonden, have
signed a guarantee
agreement that will allow
Norrlandsfonden to provide
SEK 180m (ca. EUR 19m) of
loans to innovative
companies in Sweden over
the next 2 years.
EIB, Mirova and Eolus are co-
Investing in the construction of
the onshore wind farm located
in Värmland, including 6 wind
turbines. First EFSI project in
Sweden,and first renewable
energy co-investment under
EFSI. EIB invests EUR 16m.
18
Contract name Signature Date
1. XYLEM WATER TECHNOLOGIES II 28.10.2016
2. DE LAGE LANDEN LOAN FOR SMES ANDMIDCAPS NORDICS II 28.10.2016
3. SG FINANS LEASING LOAN FOR SMES II 25.05.2016
4. DIGITAL INNOVATION 18.08.2016
5. GORENJE RDI PROJECT 16.05.2016
6. AUTOMOTIVE STEEL RDI 15.06.2016
7. ASSA ABLOY DOOR SOLUTIONS RDI II 10.03.2016
8. SEAMLESS (MGF) 27.10.2016
9. EUROPEAN SPALLATION NEUTRON SOURCE (ESS) 17.10.2016
10. EUROPEAN SPALLATION SOURCE - ESS 29.11.2016
11. LUND MUNICIPAL INVESTMENTS 28.04.2016
12. MALMO MUNICIPAL INVESTMENTS 28.04.2016
13. MIROVA EUROFIDEME 3 CO-INVESTMENT WIND SWEDEN 25.02.2016
14. MIROVA EUROFIDEME 3 CO-INVESTMENT WIND SWEDEN B 25.02.2016
15. SLL HEALTHCARE INVESTMENTS 24.06.2016
16. JONKOPING MUNICIPAL INVESTMENTS 22.06.2016
17. MODULAR ICT INFRASTRUCTURES (MGF) 20.05.2016
18. OHB SPACE RDI 19.12.2016
19. VOLVO TRUCKS RDI VEHICLE IMPROVEMENTS - A 16.12.2016
20. GIESECKE UND DEVRIENT R AND D INVESTMENTS 14.10.2016
21. LTE VOLTE - HIGH SPEED MOBILE INTERNET ROLLOUT 07.10.2016
EIB LENDING IN SWEDEN 2016
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EUR 7.5 million financing deal with
Flexenclosure, a specialist designer and
manufacturer of intelligent power
management systems and prefabricated
modular data centres for the ICT industry.
EUR 100 million credit facility with the
European Spallation Source (ESS) in
Lund, Sweden. Apart from providing
financing, the EIB’s InnovFin Advisory
Service also provided technical assistance
to advise ESS on the financial structure
enabling access to external funding in
support of the construction.
EUR 100 million
loan to Bonnier to
develop advanced
digital platforms, as
well as to create
Scandinavian
content.
SEK 3 100m (EUR 332m)
loan to the City of Malmö,
that will be used for
investments in the fields of
education, childcare, and
urban renewal and
regeneration, which are all
part of the city’s three-year
investment programme
EUR 75 million loan to Castellum to
construct two new Nearly zero-
energy buildings (NZEB) office
buildings, specifically the “Torsplan”
building in the Hagastaden part of
Stockholm and the “Citypassage” in
central Örebro
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InnovFin EU Finance for Innovators
- Equity investments and co-
investments in or alongside
funds
- Debt financing via local
financial intermediaries
trouhg SME Guarantees
• Financing between EUR 7,5m and EUR 75m for
devoloping vaccines, drugs, medical and
diagnostic devices, and research infrastructure
for combatting infectious diseases
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Energy Demo Projects
Infectious Diseases
• Financing between EUR 7,5m and EUR 75m for
first-of-a-kind demonstration projects for new
technologies which are ready for demonstration
at scale
Thematic Financing
EIB Framework loans:
Financing a city’s or region’s long-term
capital investment programme
• Up to 50 % of an investment programme of min
EUR 100 m consisting of multiple small and
medium sized projects
• Size range of projects EUR 1 – 50 million
• Period of normally 3-5 years
• Loan maturity of up to 20-25 years matching
economic life of infrastructure
Swedish Examples
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Uppsala kommun: SEK 1.800m
Västerås stad: SEK 1.800m
Stockholms stad: SEK 3.500m
Örebro kommun: SEK 1.700m
Norrköping: SEK 2.000m
Jönköping: SEK 1.200m
Jönköping Municipal Investments
Four-year investment programme for small and
medium sized investments from 2015 to 2018:
• Housing
• Education
• Childcare
• Power and district heating distribution
• Transport infrastructure
• Water and waste
• Other municipal infrastructure.
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28
• INVESTMENT PROGRAMMES/PROJECT
• EE and RES investment in public and private buildings, including social housing and street and traffic lighting;
• Urban transport to support increased energy efficiency and integration of renewable energy sources;
• Local energy infrastructure to support developments in previous sectors including
smart grids, ICT, etc.
ELENA
ELENA (Project Development Services)
Support to Final Beneficiaries with:
Feasibility studies
Additional technical staff
Technical studies
Procurement/tendering
Financial structuring
Beneficiary Municipality of Malmö, Sweden
CoM signatory Yes (Malmö on 9 January 2010 and Lund 10 November 2009)
Sector Urban Public Transport EE (Implementation of tramway network)
ELENA contribution EUR 2 970 472 (90%)
Total PDS cost EUR 3 300 525
Project development services Support for :
•tendering preparation, tendering and defining maintenance approach
•financial studies
•the development of common standards, specifications and procedures
•defining best approach for an innovative quality system for tramway
infrastructure maintenance.
Description
of ELENA operation
• PIU led by Skåne Regional Council, the project coordinator, who is also a partner of SPIS.
• Eight additional experts to be incorporated into the existing team.
• SPIS - ELENA to receive support from external consultants.
Timeframe 2011-2015
Basis for investment identification • Energy strategy plans for the cities of Malmö, Lund and Helsingborg
• SEAP developed in the framework of Covenant of Mayors (Malmö and Lund).
• Strategic programme for climate work in Skåne 2009 – 2020, adopted November 2009
Investment programme description Total investment programme estimated at some 421 MEUR
Project components: new tramway line in Malmö, Helsingborg and Lund
Investment to be mobilised EUR 170.5m
Expected results
Energy savings 82 000 MWh per year.
CO2 reduced 25 000 tonnes of CO2 per year
Leverage factor 57
SPIS - Spårvagnar i Skåne
Region of Skåne & cities of Malmö, Lund and Helsingborg
Common Energy Investment Programme
in the Capital Region of Denmark (CEICAD)
Beneficiary Capital Region of Denmark
CoM signatory No, City of Copenhagen has signed
Sector EE & RE in public buildings
Elena contribution 2.463 MEUR
Total PDS cost 2.737 MEUR
Project development services
(PDS) financed by ELENA The creation of a project implementation unit (support unit) assisted by external consultants for specific
assignments, which will support 11 municipalities and the Region itself in preparing the planned investment
programme. The Support Unit is a new administrative unit, set up for the ELENA project to ensure the practical
delivery of the proposed investments of the ELENA application. New employees will be hired for this unit
consisting of a programme manager and two technical experts.
Description
of ELENA operation Work programme divided in five work packages: 1. Start up, 2. Final selection of buildings, 3. Final identification
of projects, 4. Development of projects and preparation of tender, 5. Implementation of investments; main
activities of external expertise: Defining, preparing and implementing specific RE EE projects including roof
surveys, structural analysis, programming, sketch projects, detailed projects and tendering
Timeframe December 2013 – November 2016
Basis for investment
identification
Preliminary study and a data collection concerning potential investment projects, collaborative process with the
interested municipalities to prepare ELENA application
Investment programme
description
RE Electricity Production: several municipalities and Capital Region will PV plants
installations on their buildings (68 identified).
RE and efficient heat production : 6 municipalities want to use solar water heaters or heat
pumps to replace electric heating, oil boilers etc.
EE : Building energy equipment replacements and building envelope improvements in around 250 buildings.
Investment to be mobilized Investments (MEUR)
1. RE electricity production 15.6
2. RE and efficient heat production 1.3
3. EE Building envelope and technical installations 44.7
Total 61.6
Expected results Energy Efficiency : Annual total energy saved 32 GWh.
Renewable Energy generated : 7.5 GWh.
CO2 reductions : 9,325 CO2 eq t per year.
Leverage factor 25
European Investment Advisory Hub (EIAH) / the concept
32
Project promoters Public authorities Member States Private sector
DEMAND
Project support (JASPERS,
project preparation and
implementation support)
Financial instruments (fi-
compass, bilateral services
for MAs)
Access to finance (InnovFin
Advisory, EPEC, etc)
EIB’s existing
advisory
programmes and
activities
European Investment Advisory Hub
(EIAH)
New investment support
also in areas relevant to the
scope of EFSI (could be
delivered by EIB advisory or
operational teams)
Identification of needs as
they arise
Network of institutions incl.
EIB Group, EC, National
Promotional Institutions, etc.
Integrated collaboration
model
Additional advisory
and technical
assistance
EIAH’s partner
institutions’ expertise
SUPPLY
Web content + Web portal + Support team
Access p
oin
t
Deliv
ery
channels
What type of support is available?
JASPERS, ELENA, EPEC, Implementation support programmes
Enhance use of EU funds
Access to finance
Access to the expertise of the Hub’s local partners
Access to new advisory services
Advisory and technical support in identification, prioritisation, preparation, structuring and implementation of investment projects
Support for projects and investments
Advisory and capacity building support in the implementation of ESIF financial instruments
fi-compass, bilateral services to Managing Authorities
Enhancement of the overall conditions for financing for public and private beneficiaries
Innovation Finance Advisory
Advisory and technical support from the Hub’s local network
Continuous development of the Hub’s advisory offer to address unmet needs
A 360 degrees advisory offer
TYPE OF SUPPORT DESCRIPTION PROGRAMMES
A unique membership-based
European PPP expertise network
With a mission to support the public
sector to deliver better PPPs
Based on a membership of 39
Members – typically, central PPP units
of Member States and candidate
countries
A core advisory service of the EIB,
providing network activities and
bilateral advice
That benefits from significant Member
engagement in EPEC network
activities
The European PPP Expertise Centre
Eric Gällstad
Head of Division
Public Sector and Infrastructure Lending
Nordic countries and Germany
European Investment Bank
98-100, boulevard Konrad Adenauer
L-2950 Luxembourg
www.eib.org
Alexander Schenk
Head of Office
European Investment Bank
Stockholm Office
Östermalmstorg 1, 4e våningen
11442 Stockholm