ENERGY EFFICIENCY IN PUBLIC VENUES

Promoter – Financial Intermediary

HELLENIC REPUBLIC

Location

• Greece

Description

The EIB will finance an integrated investment programme, launched by the Ministry of Environment & Energy and the Ministry of Economy & Development, aiming to improve energy efficiency in public buildings and other venues (e.g. schools, hospitals and sports facilities). 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.

Objectives

The EIB financing consists in an intermediated multi-beneficiary framework loan to enable final beneficiaries to invest in activities related to building retrofitting. This includes, for example, the replacement of frames, insulation measures, replacement of obsolete heating and cooling equipment, installation of renewable energy and building management systems, as well as interventions aiming to the enhancement of the static integrity of the buildings when necessary.

Sector(s)

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

Proposed EIB finance (Approximate amount)

EUR 375 million

Total cost (Approximate amount)

EUR 714 million

Environmental aspects

It is expected that the sub-projects under this operation will not have any significant negative environmental or social impact and will not require an Environmental Impact Assessment (EIA) under the EU EIA Directive 2014/52/EU amending the EU EIA Directive 2011/92/EU. Nevertheless compliance with the relevant EU Directives will be verified during appraisal: EU EIA Directive 2014/52/EU amending the EU EIA Directive 2011/92/EU, EU SEA Directive 2001/42/EC, EU Habitats Directive 92/43/EEC and EU Birds Directive 2009/147/EC. The status of any environmental studies and public consultations related to the urban renewal, upgrading and construction investments will be reviewed during project appraisal. Energy efficiency requirements will also be further assessed during project appraisal to be in line with the EU Directive on the Energy Performance of Buildings Directive (2018/844/EU amending the Directive 2010/31/EU), and the Directive on Energy Efficiency 2018/2002/EU (amending the Directive 2012/27/EU).

Procurement

The promoter has to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2014/24/EU, as well as Directive 89/665/EEC and 92/13/EEC (if relevant) as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

Status

Signed - 22/12/2020