A major player in the energy transition, Caisse d’Epargne CEPAC, has announced the signing of a €350 million financing package with the European Investment Bank (EIB). Dedicated exclusively to financing solar and wind projects, this envelope is likely to receive more funding after full utilisation.
Caisse d’Epargne CEPAC had already received €400 million in financing from the EIB through credit lines set up by the Bank for BPCE Group entities.
The signature of this agreement strengthens the growth and competitiveness of its financing activities for renewable energy projects that already make Caisse d’Epargne CEPAC one of the main players in the financing of medium-sized solar and wind projects and, therefore, of the energy transition.
“This agreement with the European Investment Bank signals our commitment to address the biggest challenge of the 21st century: the green transition.” We have been one of France’s most active players in this field for more than ten years. As the largest funder of the BPCE Group’s renewable energy projects, we now have €1.5 billion in commitments in energy transition projects,” said Caisse d’Epargne CEPAC CEO Christine Fabresse.
“The European Investment Bank is very pleased to be able to scale up its financing of the energy transition alongside a leading bank and long-standing partner such as the BPCE Group. It is the EU climate bank, and is living up to this role by working with its banking partners to finance renewable energy investment projects aimed at combating global warming,” said EIB Vice-President Ambroise Fayolle.
