Release date: 20 September 2013
Promoter – Financial Intermediary
Austrian specialised banks acting in the sector of energy efficiency in buildings. One of the Promoter identified being BAUSPARKASSE DER OESTERREICHISCHEN SPARKASSEN AG.
Funding of energy efficiency investments in social and private residential buildings as well as in public buildings, provided that the projects either reach specified energy levels, or are supported by the Republic of Austria and/or Austrian Regions through dedicated grants programs.
Energy Efficiency and Renewable Energy Climate Action (transversal)
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
EUR 270 million
This operation intends to bring environmental benefits by supporting schemes that reduce energy consumption, increase the use of renewable energies and thus help to mitigate climate change. The individual schemes to be financed are likely to be small and are expected to have limited negative environmental impacts. The cumulated impact of sub-projects could instead generate important environmental benefits. The Bank will assess the promoter’s capacity and procedures to ensure compliance with national and European environmental and biodiversity regulations as well as its capacity to support the Bank's Public Disclosure Policy, which aims at facilitating access by the public to environmentally relevant information
The majority of the schemes are expected to be developed by private entities that are not subject to EU Procurement Directives. For those schemes where public procedures would apply (e.g. public buildings or publicly owned residential buildings), the promoter will be required to confirm that procurement is carried out in line with the requirements for public sector projects under the relevant national and EU legislation, including publication in the OJEU as and where required.
Signed - 17/12/2013
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).