Country:France
Year:2001
Policy status:In Force
Jurisdiction:National
Date Effective:2001
Policy Type:Economic Instruments>Fiscal/financial incentives>Loans
Energy Efficiency Policy Targets:Multi-Sectoral Policy
Renewable Energy Policy Targets:Multiple RE Sources, All
Policy Sector:Multi-sectoral Policy
Size of Plant Targeted:Small
Climate Change Policy Targets:Energy Sector, Energy Efficiency / Demand Reduction, Energy Sector, Electricity Generation, Renewable
Agency:French Agency for Environment and Energy Management (ADEME)
URL:http://www.ademe.fr/entreprises/Aides/
Energy Efficiency Description:The FOGIME, a loan guarantee fund for small and medium-sized businesses? energy sustainability (efficiency and renewables) investments, was created in November 2000. It is a co-operative effort between the French development bank for SMEs (BDPME) and the French Agency for Environment and Energy Management (ADEME). FOGIME has a budget of approximately 17.8 million Euro, which can guarantee up to 244 million Euro of loans to the private sector. This guarantee is only available for SMEs more than three years old with less than 500 m FF turnover and less than 500 employees (to evolve to 250 m FF and 250 employees to correspond to EU criteria for SMEs). Eligible investments include: high performance production, use, recovery and energy storage equipment; energy efficient modifications of production processes and renewables. The guarantee covers medium and long-term risks (2-15 years) and insures the risk taken by the financial institution providing the loan. The guarantee covers 70% of the loan in comparison to 40% average coverage rates for other SME projects covered by BDPME.
Renewable Energy Description:The FOGIME was created in 2000 in co-operation with the French development bank for small and medium size enterprises (SMEs) and ADEME. The guarantee fund for investments in energy sustainability (efficiency and renewables) has a budget of approximately ? 17.8 million, of which ? 7.62 million comes from ADEME and ? 10.21 million come from a branch of the development bank for SMEs (BDPME). This fund guarantees up to ? 242 million for loans to the private sector. Its goal is to provide SMEs with the option to obtain loans for energy efficiency and renewable energy investments. This guarantee is only available for SMEs created prior to 2000. Eligible investments include: high performance production, use, recovery and energy storage equipment; energy efficient modifications of production processes and renewables. The guarantee covers medium and long-term risks (2-15 years) and insures the risk taken by the financial institution providing the loan. The guarantee covers 70% of the loan in comparison to 40% average coverage rates for other SME projects covered by BDPME.
Climate Change Description:In 2001, the French Agency for Environment and Energy Management (ADEME) set up a crediting system (FOGIME) for small and medium-sized businesses investments in energy efficiency and renewable energy.

Last modified: Wed, 11 Jul 2012 16:58:12 CEST