BOSCH R&D CENTRE & CAR ELECTRIFICATION

Promoter – Financial Intermediary

ROBERT BOSCH GMBH

Location

• Germany

Description

Financing of Robert Bosch GmbH's research and development (R&D), including R&D infrastructure, for the period 2012-2016 in a number of areas of clean car technology applications.

Objectives

The project concerns the promoter’s investments for the construction of a new R&D centre in Renningen, Germany. The new R&D centre is to become the new hub of the Bosch Group’s research and advance engineering activities. This will therefore allow a more efficient use of resources, enhance increased collaboration and integration of different competencies, and result in increased efficiency of research work and projects. The new research campus will implement a sustainable energy and environmental concept.
The project also includes the promoter’s R&D investments, to be carried out in the period 2012-2016, for the development of advanced technology in the fields of power electronics and e-machines for hybrid and electric-vehicle platforms. The R&D investments will be carried out in Germany, in the area of Stuttgart.

Sector(s)

• Industry

Proposed EIB finance (Approximate amount)

EUR 300 million

Total cost (Approximate amount)

EUR 732 million

Environmental aspects

The Bank’s services will verify during appraisal whether an Environmental Impact Assessment (EIA) has been required by the competent authority, in conformity with the requirements of the EIA directive (2011/92/EU), as well as potential impact on nature conservation sites.

Procurement

The promoter is a private company not operating in the utilities sector, and is thus not covered by EU Directives on procurement. Procurement is expected to be in line with EIB guidelines for private sector projects, nevertheless the Bank’s services will verify the details during the project’s due diligence.

Status

Signed - 16/11/2012