VIVAWEST ENERGY EFFICIENT BUILDINGS

Promoter – Financial Intermediary

VIVAWEST GMBH

Location

• Germany

Description

The project consists of investments in the construction of energy efficient residential buildings in 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)

• Industry - Construction

Proposed EIB finance (Approximate amount)

EUR 100 million

Total cost (Approximate amount)

EUR 265 million

Environmental aspects

The individual buildings to be financed are expected to have very limited negative environmental impacts. The cumulated impact of sub-projects could instead generate important environmental benefits. Given the scale, location and nature of the individual schemes in built-up urban areas, an Environemental Impact Assessment (EIA), as defined under the EIA Directive 2014/52/EU amending 2011/92/EU, will generally not be required.

Procurement

The promoter has been assessed by the Bank as being a private company not operating in the utilities sector and not having a status of a contracting entity, thus not being subject to EU rules on public procurement. The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the EIB Guide to Procurement or, if applicable, relevant applicable EU procurement legislation (Directive 2004/18/EC, or 2014/24/EU where applicable, and/or 2004/17/EC, or 2014/25/EU where applicable, and/or 2014/23/EU where applicable, as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with the publication of tender notices in the Official Journal of the EU, as and where required.

Status

Signed - 16/05/2018