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Bpifrance launches €100mn France Investissement Energie Environnement fund

On 3 July Bpifrance launched France Investissement Energie Environnement fund (FIEE) dedicated to the development of the Small and Medium-sized Enterprises (SME) and of the Intermediate-sized Companies (ETI)* in the ecological and energy transition sector, and to the consolidation of the sector. With a budget of €100mn, FIEE is subscribed and managed by Bpifrance.

 

Energy and the environment
04July2017

Energies renouvelables

The ecological and energy transition (French acronym: TEE) sector is a major economic issue for France and requires the provision of adapted support, primarily to meet the goals set in the framework of COP21.

 

Bpifrance, which provided 1,400 companies with credit, guarantees and equity in 2016 for a total of €1.4bn, is positioning as a strategic stakeholder and expert in the financing of TEE companies. With the launch of FIEE, Bpifrance's existing range of financing solutions is complemented by a tool for strengthening equity, dedicated to the development of stakeholders in the sector. The investment strategy targets stakeholders in the renewable energy sector, and also those specialised in energy efficiency and the circular economy.

 

* ETI are companies with 250 to 4,999 employees and whose annual revenue does not exceed €1.5bn.

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