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    Reference: 20150188
    Release date: 1 April 2015

    Promoter – Financial Intermediary

    PUBLIC ENTITY(IES), ACCEPTABLE BANK(S)

    Location

    Description

    Programme-loan to support energy efficiency investments in private residential buildings in France.

    Objectives

    The project supports an innovative approach by French regions of "tiers financement", established to provide technical and financial assistance to homeowners and homeowner associations for energy efficiency retrofit. The project will involve public and public-private entities as well as commercial banks to provide long-term funding to final beneficiaries.

    Comments

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    EUR 400 million

    Total cost (Approximate amount)

    EUR 800 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 Environmental Impact Assessment, as defined under the EIA Directive 2011/92/EU, is not required.

    Procurement

    The Bank will require the promoters to ensure that contracts for the implementation of the programme have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2004/17/EC and Dir. 2007/66/EC [amending Directives 1989/665/EEC and 1992/13/EEC]), with publication of tender notices in the EU Official Journal, as and where required.

    Status

    Approved - 19/05/2015

    Disclaimer

    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 Industry Energy