Release date: 7 September 2016
Promoter – Financial Intermediary
Investments in energy-efficient modernisation of residential housing and the construction of near-zero energy buildings (NZEB)
This operation supports regional, national and European objectives related to improving energy efficiency and increasing renewable energy generation in the housing sector.
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EUR 230 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 a very limited negative environmental impact. The cumulated impact of sub-projects could instead generate important environmental benefits. Given the scale, location and nature of the individual schemes in built-up urban areas, an environmental impact assessment (EIA), as defined in the EIA Directive 2011/92/EU, is not required. 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 to facilitate access by the public to environmentally relevant information.
The promoter has been assessed by the Bank as being a private company not operating in the utilities sector and not having the status of a contracting entity, thus not subject to EU rules on public procurement. 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 EIB Guide to Procurement or, if applicable, relevant applicable EU procurement legislation (Directive 2004/18/EC, or 2014/24/EU where applicable, and/or 2004/17/EC, or 2014/25/EU where applicable, and/or 2014/23/EU where applicable, 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 Official Journal of the EU, as and where required.
Signed - 16/12/2016
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).