The EIB Group has signed a €93 million synthetic securitisation agreement with Cetelem to facilitate €200 million in financing for sustainable energy efficiency projects in Spain.

Target Information

The EIB Group has entered into a €93 million synthetic securitisation agreement with Cetelem, the commercial brand of BNP Paribas Personal Finance in Spain. This agreement is designed to facilitate financing for sustainable projects throughout the country, specifically targeting residential energy efficiency improvements.

This initiative will enable Cetelem to unlock €200 million in funding, aimed at supporting households in enhancing the energy efficiency of their homes. The funding will cover a new portfolio of loans focused on climate action and sustainability, supporting projects such as residential renovations, small-scale renewable energy initiatives, and the acquisition of energy-efficient appliances.

Industry Overview

Spain's commitment to environmental sustainability has intensified, especially in the context of achieving the European Union's climate goals. The country has seen a growing demand for energy-efficient housing solutions, as hou