On 22 July 2015, the European Investment Bank Group (EIB) and the European Commission signed an agreement to implement the Investment Plan for Europe (the Juncker plan).
As part of the deployment of the Juncker plan, Gide has advised the EIB on its first equity participation in a French fund: a €50 million commitment to the Capenergie 3 investment fund, managed by Omnes Capital and dedicated to developing renewable energies. Signed on 23 July 2015, this operation also represents the first renewable energy development operation under the Juncker plan.
This investment project will serve to finance means of energy production offering a total capacity of over 500 MW and create more than 1,000 jobs. The EIB's participation in the form of an equity injection is also expected to attract other international investors.
Gide advised the EIB on this transaction, with a team comprising Stéphane Puel (partner), Rima Maitrehenry (counsel) and Clothilde Beau (associate).