Factsheet: Jessica-Fidae Fund

Jessica-Fidae Fund

Key Information
Full name of Instrument & Measure (English): 
The F.I.D.A.E. Fund
Full name of Instrument & Measure (native language): 
Fondo Jessica- F.I.D.A.E. Fondo de Inversión para financiar proyectos de eficiencia energética y energías renovables.
Description: 
The F.I.D.A.E. Fund Portfolio is a fund launched by IDAE as an intermediate body delegated by the Managing Authority of the European Regional Development Fund - ERDF - (Directorate General of Community Funds - Ministry of Finance and Public Administration), worth about 123 M €, that has the purpose of financing sustainable urban development projects that improve energy efficiency and / or renewable energy use. This is a fund financed by the ERDF and the Institute for Energy Diversification and Energy Saving (IDAE) and operated by the European Investment Bank (EIB). This fund may be compatible with other sources of public and private funding and grants financed with European funds (except the European Social Fund, Cohesion Fund, European Fisheries Fund and the European Agricultural Fund for rural Development, or from other FEDER Operational Programmes). The EIB has selected three managers to channel funding towards the final beneficiaries. These managers are: Ahorro Corporación Financiera, Banco Bilbao Vizcaya Argentaria and Banco Santander
Goal/Aim: 
Financing sustainable urban development projects that improve energy efficiency and / or renewable energy use.

Type (and subtype) :

Sector/Topic targeted:

Responsible Authority: 
Ministry of Industry, Energy and Tourism

Status: