SKB NZEB

Promoter – Financial Intermediary

STOCKHOLMS KOOPERATIVA BOSTADSFOERENING

Location

• Sweden

Description

The proposed project consists of the development of residential buildings supporting the Swedish strategy for the development of nearly zero energy buildings (NZEB).

Objectives

The project will contribute to the deployment of energy-efficient residential buildings in Sweden, and is therefore in line with the EU bank climate action priority.

Sector(s)

• Services - Real estate activities

Proposed EIB finance (Approximate amount)

SEK 550 million

Total cost (Approximate amount)

SEK 1143 million

Environmental aspects

Given the relative scale, location and nature of the individual schemes in built-up urban areas, all of the schemes are deemed not to have any significant negative environmental impact. Exceptionally, a scheme may fall under Annex II of the EIA Directive 2011/92/EU. In these cases the Bank will require the promoter to act according to the provisions of the aforementioned Directive as transposed into national law. 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 (Habitats Directive 92/43/EEC and Birds Directive 79/409/EEC).

Procurement

The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having the status of a contracting entity, thus not being subject to EU rules on public procurement. The procurement procedures to be employed by the promoter are in line with standard practice for the sector and are in the best interests of the project; hence, the main principles of value for money, transparency and objectivity are expected to be achieved.

Status

Signed - 27/10/2017