BORDEAUX METROPOLE ENERGIES II

The Framework Loan to the 'Société d'Économie Mixte' (mixed-economy company) Bordeaux Métropole Energies (BME) and its majority-owned subsidiaries will support energy efficiency renovations of residential buildings, renewable energies (especially photovoltaic) and district heating/cooling networks in the Bordeaux metropolitan area until 2028. This is the second operation with BME after project 'Bordeaux Métropole Energies' 2017-0896.

The aim is to contribute to the energy efficiency (EE) renovation of approximately 3,150 homes (370 individual housings and 2,780 apartments in condominiums). As a One-Stop Shop for EE renovations, BME will keep supporting - technically and financially - building owners in their renovations. Such activity is part of BME's role as third-party financing entity (Société de Tiers-Financement), following the French legal arrangements that allows non-banking entities to perform credit activities to individuals for EE renovations under clearly established conditions.

This project will generate various environmental benefits such as the reduction of energy consumption, climate change mitigation and adaptation solutions. Each sub-project will be of limited size and it negative environmental impact will be limited considering its size, location and technical nature.

In most cases, EU Directives for Public Procurement are not applicable since the financed building works will be ordered and performed by private individuals (building owners of houses and apartments), being the project final beneficiaries. However, in the case of EE renovations and other activities related to public buildings as well as contracts between BME and artisans or other companies, EU Public Procurement rules will apply.