Release date: 15 January 2018
Promoter – Financial Intermediary
FASTIGHETS AB BALDERLocation
Description
Construction of residential nearly zero-energy buildings (NZEB) in Denmark.
Objectives
Once completed, the buildings are expected to generate less energy consumption and pollutant emissions compared to the business-as-usual scenario, as per the requirements of the EU Directive (EPBD) 2010/31/EU [Article 9(1)]. The directive requires that from 2019 onwards all public buildings and from 2021 all buildings will need to be NZEB.
Sector(s)
- Services - Real estate activities
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EUR 216 million
Environmental aspects
Given the relative scale, location and nature of the individual schemes in built-up urban areas, the schemes are not deemed to have any significant negative environmental impact. Exceptionally, a scheme may fall under Annex II of the EIA Directive 2011/92/EU. In these cases the Bank will require the promoter to act according to the provisions of the aforementioned Directive as transposed into national law. The Bank will review relevant permits and environmental and social management processes during appraisal, including mitigation/compensation measures to be taken and any potential effects on nature conservation sites (Habitats Directive 92/43/EEC and Birds Directive 79/409/EEC).
Procurement
The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions. However, if after the project appraisal the EIB were to conclude that the promoter is after all subject to EU public procurement legislation (Directive 2014/24/EU or 2004/18/EC where applicable), then the Bank would require the promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation: Directive 2014/24/EU or 2004/18/EC where applicable, as well as Directive 92/13/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the European Union, as and where required.
Status
Signed - 16/05/2018
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).