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  • 2010/10/05
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Crédit Agricole, a partner in the Renewable Energy Plan launched by the Midi-Pyrénées Region and the European Investment Bank

Crédit Agricole will participate in the plan to subsidize loans of €700M in support of a renewable energy project launched by the Midi-Pyrénées Region and the European Investment Bank (EIB) on September 24th, 2010.

Four Crédit Agricole regional banks - Toulouse 31, Nord Midi-Pyrénées, Pyrénées Gascogne and Sud Mediterranée - in addition to Crédit Agricole Leasing & Factoring with Unifergie, its specialized subsidiary in sustainable development financing, are involved in financing this large regional project promoting renewable energies alongside EIB and another banking group.

First and foremost, the "Renewable Energy" loans will appeal to public and private companies, agricultural enterprises and local authorities seeking to set up regional renewable electricity generating stations or implement energy renovation projects in public and private buildings in the region.

This plan represents a unique opportunity in France given the amount of investment involved, the range of renewable energies (solar photovoltaic, wind, methanization, etc.) and related projects.

By participating in this financing project, Crédit Agricole is responding to its role as the top-ranking financier of the French territories and economy, thereby honoring its commitment to sustainable development.

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