Release date: 27 October 2009
Promoter – Financial Intermediary
Vaillant GmbHLocation
Description
The project concerns the promoter’s several RDI investments aimed at improving the energy efficiency and environmental compatibility of residential heating, air-conditioning and power generation systems, thereby reducing fossil fuel consumption and CO2 emissions. The project will be carried out between 2009 and 2011 at the promoter’s R&D centres, mainly in Germany.
Objectives
The project will contribute to developing the promoter’s knowledge and know-how in the field of energy-efficient heating and air-conditioning technologies and, through the resulting increased use of renewable energy technologies for HVAC applications, it is expected to bring about positive environmental results in terms of reduction of energy consumption, particularly in residential buildings, and of carbon emissions.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 105 million
Total cost (Approximate amount)
EUR 210 million
Environmental aspects
The project concerns investments in research and development that are expected to be carried out in existing facilities already authorised in which case an EIA therefore would not be required by EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC. However, the Bank’s services will verify details, and especially the ones related to the location of the R&D facilities, during the project’s due diligence.
Procurement
Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank’s services will verify details during the project’s due diligence.
Status
Signed - 17/12/2009
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).