FABEGE NEAR-ZERO-ENERGY BUILDINGS

Promoter – Financial Intermediary

FABEGE AB

Location

• Sweden

Description

The project consists of the construction of three new office buildings in the Stockholm region supporting the Swedish strategy for the development of near-zero-energy buildings (NZEB). The buildings will include energy efficiency and renewable energy technologies and will be integrated in a sustainable urban area.

Objectives

The project aims to achieve energy savings by accelerating the implementation of state-of-the-art technologies in three commercial buildings.

Sector(s)

• Services - Real estate activities

Proposed EIB finance (Approximate amount)

EUR 99 million

Total cost (Approximate amount)

EUR 201 million

Environmental aspects

The project is not likely to have any significant environmental and social impact, as it will be integrated in an urban area. The promoter follows best environmental and social practice, and the new buildings proposed for financing will be environmentally certified according to national systems. 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.

Procurement

The promoter is a private company not operating in the utilities sector and not having a status of a contracting authority. Therefore, it is not covered by the EU directives on procurement. The Bank will however ensure that procurement procedures applied by the promoter are in line with the Bank’s Guide to Procurement, i.e. that contracts for the implementation of the project have followed suitable procurement procedures, ensuring an appropriate selection of works, goods and services offered at competitive prices.

Status

Signed - 29/09/2015