RIKSHEM HOUSING ENERGY EFFICIENT RENOVATION SFSB

Promoter – Financial Intermediary

RIKSHEM AB (PUBL)

Location

• Sweden

Description

The project consists in an energy-efficiency refurbishment programme of residential buildings located in Sweden.

Objectives

This project falls under the Smart Finance for Smart Buildings ("SFSB") Initiative, a joint initiative of the EIB Group and the European Commission (EC) aiming at supporting Energy Efficiency investments in buildings.

Sector(s)

• Industry - Construction

Proposed EIB finance (Approximate amount)

SEK 1000 million (EUR 97 million)

Total cost (Approximate amount)

SEK 1615 million (EUR 156 million)

Environmental aspects

Given the relative scale, location and nature of the project in built-up urban areas, all of the buildings are deemed not to have any significant negative environmental or social impact. Through the project several buildings will be refurbished following energy efficiency criteria, as per the requirements of the European Performance of Buildings Directive (EPBD) 2010/31/EU, in existing built environments. After completion energy consumption and pollutant emissions will be reduced compared to the business-as-usual scenario.

Procurement

The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation (Directive 2014/24/EU), then the Bank would require the promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation.

Status

Signed - 8/05/2019