SEM ENERGIES POSIT-IF ILE DE FRANCE

Promoter – Financial Intermediary

SEM ENERGIES POSIT'IF

Location

• France

Description

The project will support the thermal refurbishment of residential buildings and the use of renewable energies in the region of Ile de France

Objectives

The works consist mainly of improving the insulation of the buildings and windows as well as renovation of the heat generation and distribution system in the buildings, ventilation systems, and electric appliances which are part of the joint tenancy area (lights, pumps, etc.). The use of renewable energies (e.g. biomass or solar thermal collectors) may also be included in the works. Individual metering is foreseen in certain cases, for users to monitor their consumption.The works will lead to a decrease in energy consumption of the buildings. The performance level targeted is the "BBC Éffinergie Rénovation" label requirements which would correspond to a 50 - 70 % reduction of overall energy consumption of the buildings.

Sector(s)

• Industry - Construction
• Energy - Electricity, gas, steam and air conditioning supply

Proposed EIB finance (Approximate amount)

EUR 100 million

Total cost (Approximate amount)

EUR 200 million

Environmental aspects

This operation intends to bring environmental benefits by supporting projects that reduce energy consumption, and help to mitigate climate change. The individual schemes to be financed are likely to be small and are expected to have very limited negative environmental impacts. Given the scale, location and nature of the sub-projects in built-up urban areas, an EIA, as defined under the EIA Directive 2011/92/EU, is not required.

Procurement

The Bank will require the Promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2004/18/EC and/or 2004/17/EC as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

Status

Signed - 7/12/2015