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    Reference: 20200603
    Release date: 11 January 2021

    Promoter – Financial Intermediary

    VIVAWEST GMBH

    Location

    Description

    Financing of the Promoter's investment in a new highly energy efficient residential building block in the urban area of Dusseldorf, Germany.

    Objectives

    The present project presents an opportunity to support the accelerated adoption of energy efficient new constructions, in line with the KfW-55 standard and above legal requirements in Germany.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 80 million

    Total cost (Approximate amount)

    EUR 173 million

    Environmental aspects

    The individual buildings to be financed are expected to have very limited negative environmental impacts and to generate environmental benefits through greenhouse gas (GHG) emission reductions. Given the scale, location and nature of the buildings in a built-up urban area, an environmental impact assessment (EIA), as defined under the EIA Directive 2014/52/EU amending 2011/92/EU, is not required. The project is in line with the EU Directive (2018/844/EU) amending the 2010 Energy Performance of Buildings Directive (Directive 2010/31/EU) and Directive 2012/27/EU on energy efficiency.

    Procurement

    The Promoter has been assessed by the EIB as being a private company not subject to EU rules on public procurement or concessions.

    Status

    Signed - 10/11/2020

    Disclaimer

    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).

    Related tags

    Germany Services