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    Reference: 20140158
    Release date: 17 February 2015

    Promoter – Financial Intermediary




    The project will support the thermal refurbishment of residential buildings and the use of renewable energies in the region of Picardie, France.


    The works will lead to a decrease in energy consumption of the buildings. The performance level targeted will result in a reduction of up to 75% (modulated) of the overall energy consumption of the buildings, depending on the financial performance of the planned measures. The works mainly consist of improving the insulation of the buildings, as well as renovation of the buildings' heat generation and distribution system, including ventilation systems. The use of renewable energies (e.g. small scale wood-fired boilers or solar thermal collectors) may also be included in the works.



    • Energy - Electricity, gas, steam and air conditioning supply
    • Industry - Construction

    Proposed EIB finance (Approximate amount)

    EUR 36 million

    Total cost (Approximate amount)

    EUR 58 million

    Environmental aspects

    This operation intends to bring environmental benefits by supporting projects that reduce energy consumption, and help to mitigate climate change. The individual schemes to be financed are likely to be small and are expected to have very limited negative environmental impacts. Given the scale, location and nature of the sub-projects in built-up urban areas, an EIA, as defined under the EIA Directive 2011/92/EU, is not required.


    The Bank will require the Promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2004/18/EC and/or 2004/17/EC as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.


    Signed - 7/12/2015


    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).

    Related tags

    France Energy Industry