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    Reference: 20230982
    Release date: 23 May 2024

    Promoter – Financial Intermediary

    BORDEAUX METROPOLE ENERGIES

    Location

    Description

    The Framework Loan to the 'Société d'Économie Mixte' (mixed-economy company) Bordeaux Métropole Energies (BME) and its majority-owned subsidiaries will support energy efficiency renovations of residential buildings, renewable energies (especially photovoltaic) and district heating/cooling networks in the Bordeaux metropolitan area until 2028. This is the second operation with BME after project 'Bordeaux Métropole Energies' 2017-0896.

    Objectives

    The aim is to contribute to the energy efficiency (EE) renovation of approximately 3,150 homes (370 individual housings and 2,780 apartments in condominiums). As a One-Stop Shop for EE renovations, BME will keep supporting - technically and financially - building owners in their renovations. Such activity is part of BME's role as third-party financing entity (Société de Tiers-Financement), following the French legal arrangements that allows non-banking entities to perform credit activities to individuals for EE renovations under clearly established conditions.

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    EUR 90 million

    Total cost (Approximate amount)

    EUR 123 million

    Environmental aspects

    This project will generate various environmental benefits such as the reduction of energy consumption, climate change mitigation and adaptation solutions. Each sub-project will be of limited size and it negative environmental impact will be limited considering its size, location and technical nature.

    Procurement

    In most cases, EU Directives for Public Procurement are not applicable since the financed building works will be ordered and performed by private individuals (building owners of houses and apartments), being the project final beneficiaries. However, in the case of EE renovations and other activities related to public buildings as well as contracts between BME and artisans or other companies, EU Public Procurement rules will apply.

    Status

    Under appraisal - 25/04/2024

    Milestone
    Under appraisal

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    France Energy