La Banque Postale and EIB Renew Partnership for Renewable Energy and Sustainable Mobility

The signing of these financing packages targets specific markets and elements, particularly asset and project financing and the creation of special purpose vehicles.

Partners on major regional projects like the rollout of superfast broadband, infrastructure construction, and renewable energy since 2015, La Banque Postale and the European Investment Bank (EIB) have renewed their cooperation for another three years with the signing of a new €600 million refinancing package.

This package, comprising two separate funds, aims to finance:

Energy and Climate Transition: Targeted at small and medium-sized onshore wind and solar photovoltaic projects, primarily in France, this fund allocates €400 million to private companies, SMEs, mid-caps, and special purpose vehicles. Investments of less than €50 million each will facilitate the deployment of around 649 MW of renewable electricity generation capacity.

Rail and Sustainable Mobility: With an allocation of €200 million, this fund focuses on infrastructure and public transport projects, including rail modernization, renewal and development, and urban mobility in France and other European countries. Investments will support the purchase and refurbishment of freight and passenger rail rolling stock, electric buses, trams, metro trains, and more, promoting a shift from passenger cars to clean transport options.

The signing of these financing packages targets specific markets and elements, particularly asset and project financing and the creation of special purpose vehicles. This initiative unlocks long-term financing (over 20 years) with attractive interest rates. La Banque Postale has three years to allocate the funds.

“The new partnership between La Banque Postale and the EIB aims to support French companies’ transformation projects by financing mobility and the energy transition on privileged terms. The €600 million dual package will support the implementation of major sustainable projects in our regions, in line with our commitment to be a citizen bank,” said Serge Bayard, Managing Director of Corporate and Investment Banking at La Banque Postale.

“We welcome this new partnership between the EIB and La Banque Postale to make it easier for companies to access financing for key projects for the energy transition and the fight against climate change by cutting greenhouse gas emissions. Together with our partner banks in France, we support the granting of loans to promote companies’ investment in renewable energy, clean transport, and energy efficiency. This is a key priority for the EIB as the EU climate bank, and this innovative financing arrangement with La Banque Postale will help,” explained Ambroise Fayolle, EIB Vice-President.