Bankinter (2023)

Signing Date 12 Dec 2016
Region of Headquarters: Europe
Current EPFI Reporting Year/Period: 2023
Institutional Reporting: Link to Report - Link to Additional Report

 

Please read the important notes and disclaimer for further information on ‘EPFI Reporting’, compliance and publication on the EP website.

Further information on this EPFI may be obtained through the Institutional Reporting hyperlink.

Project Finance Advisory Services

Total number mandated in the reporting period: 0

Project Finance Transactions

Total number that reached Financial Close in the reporting period: 20

Equator Principles Category A1 B2 C3
Sector
Mining
Infrastructure
Oil & Gas
Power 18 2
Others
Region
Americas
Europe, Middle East & Africa 18 2
Asia Pacific
Country Designation
Designated Country 4 18 2
Non Designated Country
Both
Independent Review
Yes 18 2
No
Totals 18 2
1

Category A – Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented.

2

Category B – Projects with potential limited adverse environmental and social risks and/or impacts that are few in number, generally site-specific, largely reversible and readily addressed through mitigation measures.

3

Category C – Projects with minimal or no adverse environmental and social risks and/or impacts.

4

Designated Countries are those countries deemed to have robust environmental and social governance, legislation systems and institutional capacity designed to protect their people and the natural environment.

Project-related Refinance & Project-related Acquisition For Project Finance

This information is required under EP4. EP4 applies for those transactions mandated after 1 October 2020 and that have reached Financial Close by the end of the period being reported.

Project Name Reporting For Project Finance (And Project-related Refinance & Project-related Acquisition Finance For Project Finance)

No. Project Name Sector Project Location(s) Year of Financial Close
1 PROSALIA: Westsun Power Spain 2023
2 A&G: Prisca Power Spain 2023
3 FINERGE: Gauss Power Spain 2023
4 SOLARIA: Aries Power Spain 2023
5 ATLANTICA SUSTAINABLE INFRASTRUCTURE: Solaben II Power Spain 2023
6 ATLANTICA SUSTAINABLE INFRASTRUCTURE: Solaben III Power Spain 2023
7 SONNEDIX: Miel Power Spain 2023
8 PYDESA: Pydesa Power Spain 2023
9 INTERMONEY: Sauce Power Spain 2023
10 ARDIAN: La isla Power Spain 2023
11 ATHOS SOLAR: Villanueva Power Spain 2023
12 SPANISHPOWER: Ampliación Lamarquesa Power Spain 2023
13 IGNIS: Caparacena Power Spain 2023
14 VALFORTEC: Compra en secundario en Pichincha Power Spain 2023
15 SAETA YIELD: Manchasol II Power Spain 2023
16 CHM: Chm Power Spain 2023
17 X-Elio: Turron Power Spain 2023

Number of projects that were not disclosed as per the disclosure conditions specified in Annex B of the Principles: 3

Under EP4, project name reporting is required for Project Finance transactions that have reached Financial Close and encouraged for Project-Related Corporate Loans that have reached Financial Close.

Project-Related Corporate Loans

Total number that reached Financial Close in the reporting period: 0

Project-related Refinance & Project-related Acquisition For Project-related Corporate Loans

This information is required under EP4. EP4 applies for those transactions mandated after 1 October 2020 and that have reached Financial Close by the end of the period being reported.

Implementation of the Equator Principles

The Equator Principles are included in the Group’s sustainable financing policies as one of the main recommendations and principles on which these policies are based. Within the energy sector exclusion policy, it is also specified that the Equator Principles are used as a reference for defining the risk analysis framework.

Within the Bankinter Group, project finance operations are conducted by Bankinter Investment in collaboration with Bankinter’s corporate banking team. The structured finance department is responsible for developing these types of operations within Bankinter Investment.

In every PF, Bankinter Investment Team reviews the legal and ESG Due Diligence of the project, where Equator Principles compliance is required by a third party. This is done in the process of the operation analysis, prior to any finance contract.

Additionally, Bankinter also ensures a qualified and experienced third-party assessment through the integration of independent third-party advice from Altran, DNV, UL, G Advisory, and other relevant technical advisors, in the due diligence processes during the evaluation. The categorisation of projects is carried out as part of this due diligence process.

Further information about Bankinter´s implementation of the EPs is provided at: https://www.bankinter.com/file_source2/webcorporativa/estaticos/pdf/informacion-corporativa/banca-sostenible/politicas%20y%20compromisos/Project_Finance_in_accordance_to_Equator_Principles_EN.pdf