Release date: 2 August 2017
Promoter – Financial Intermediary
VONOVIA SELocation
Description
Investments in energy efficiency.
Objectives
This operation aims to bring environmental benefits by supporting investments that reduce energy consumption and increase the use of renewable energy, thus helping to mitigate climate change.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 300 million
Total cost (Approximate amount)
Not disclosed.
Environmental aspects
Compliance with the relevant EU directives has been verified during appraisal: Environmental Impact Assessment (EIA) Directive 2011/92/EU, Strategic Environmental Assessment (SEA) Directive 2001/42/EC, Habitats Directive 92/43/EEC and Birds Directive 2009/147/EC). Energy efficiency requirements are in line with the EU Directive on the Energy Performance of Buildings 2010/31/EU.
Procurement
The promoter has been assessed by the Bank as being a private company not operating in the utilities sector and not having the status of a contracting entity, thus not being subject to EU rules on public procurement.
Status
Signed - 13/07/2017
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).