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eeef Annual Report 2015

City of Venlo Project Profile The City of Venlo is financing a street lighting upgrade which will equip around 16,000 light- ing points with light emitting diode (LED) lights, representing approx. 73 % of the total lighting points of the city. Venlo has 100,000 inhabitants and was among the first cities in the Netherlands to initiate climate and energy programmes, starting in 2004. The city’s existing public lighting is the biggest consumer of electricity on its electric- ity bill. The city therefore prioritized upgrad- ing its street lighting in order to reduce its energy consumption and CO2 e emissions as well as to save costs for the public budget. The project is further proof of the city’s commit- ment to environmental sustainability, including its support for the principle of “cradle-to-cradle” as one of the first cities in the world. Project Highlights The Venlo transaction is the Fund’s first direct lending structure to a municipality, and it demon- strates the wide variety of financial products the eeef can offer. This street lighting project is linked to the prepa- ration works resulting from technical assistance, Venlo benefited from funding from the European Commission technical assistance facility (EC TA Facility). This enabled the city to tender and select the equipment manufacturer for the provision of the LED equipment. Key figures Country Netherlands Sector Energy efficiency/street lighting Type of investment Senior debt Total project size (¤m) 9.1 eeef investment size (€m) 8.5 Financial close 03 April 2014 Maturity 15 years Estimated tCO2 e emission savings (p.a.) 673 Venlo 2015 Activities Report: Investments 27

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