Summary sheet
Private Finance for Energy Efficiency (PF4EE) collateral agreement for energy efficiency projects promoted by Avantcard in Ireland, in conjunction with a framework loan operation 2020-0551.
The operation, a guarantee to Avantcard DAC under the Private Finance for Energy Efficiency (PF4EE) programme, will support the energy rehabilitation of residential buildings by homeowners, including energy efficiency measures and small-scale renewable energy installations.
The individual projects under this framework loan (FL) will be small-scale and are expected to bring positive environmental impacts, notably by reducing energy wastage and promoting the use of renewable energy sources for self-consumption by the final beneficiaries, thus lowering greenhouse gas emissions. In addition, the operation will help to extend the useful life of the buildings, which improves the condition of the residential stock overall and minimises construction waste in the long term. In line with EIB policy, the sub-loans will have to comply with EU requirements in the field of environment. The Promoter has to ensure that the sub-projects undertaken by final beneficiaries with the proceeds of the EIB funds should comply with the relevant applicable EU and national legislation.
The Promoter has to ensure that the sub-projects undertaken by final beneficiaries with the proceeds of EIB funds comply with the relevant applicable EU and national legislation. The operation will be carried out exclusively in the private residential sector in Ireland, whereby homeowners are the final beneficiaries. Therefore, only small-scale private procurement will take place with no public procurement.