Date de publication: 18 décembre 2023
Promoteur – Intermédiaire Financier
HYPO VORARLBERG BANK AGLieu
Description
The project consists in a loan substitute operation in the form of a guarantee covering the mezzanine tranche on a granular SME portfolio originate by Hypo Vorarlberg. The guarantee instrument is designed to facilitate the financial intermediary to finance new loans dedicated to energy efficiency investments and development of highly energy efficient buildings across Austria.
Additionality and Impact
By transferring the credit risk of the existing securitised SME and Mid-Cap portfolio, the proposed operation will reduce the risk-weighted assets and thus enable the Promoter Hypo Vorarlberg to release regulatory capital. The capital relief provided will increase the Promoter's credit capacity and allow for the origination of new loans to Final Beneficiaries dedicated to support lending to highly energy efficient building construction and other EE-projects. Such capital relief is not readily available from commercial financiers and therefore unlocks additional lending.
Energy efficiency investments in buildings suffer from a number market failures (negative CO2 externalities, asymmetric information, and split incentives). As a result of these market failures, investments in energy efficiency are at sub-optimal levels from a socio-economic perspective. The proposed operation contributes to supporting the Austrian government's climate change mitigation ambitions by addressing the suboptimal levels of investments in highly energy efficient building construction and EE-eligible renovation.
Objectifs
The proposed guarantee instrument is designed to facilitate the financial intermediary to finance new loans dedicated to energy efficiency investments and development of highly energy efficient buildings across Austria.
Secteur(s)
- Industrie - Construction
Montant BEI envisagé (montant approximatif)
EUR 61 million
Coût total (montant approximatif)
EUR 150 million
Aspects environnementaux
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Passation des marchés
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Statut
Signé - 6/12/2023
Clause de non-responsabilité
Avant d’être approuvés par le Conseil d’administration et avant la signature des prêts correspondants, les projets font l’objet d’une instruction et de négociations. Par conséquent, les informations et données fournies sur cette page sont indicatives.
Elles sont fournies à des fins de transparence uniquement et ne peuvent être considérées comme représentant la politique officielle de la BEI (voir également les notes explicatives).