Release date: 18 July 2024
Promoter – Financial Intermediary
SOCIETE WALLONNE DU CREDIT SOCIALLocation
Description
This framework loan will support the Societé Wallonne du Crédit Social (SWCS), a regional promotional bank specialising in energy-efficient renovations in private residential buildings in the Walloon region, Belgium.
Objectives
The loan will support the energy-efficient renovation of approximately 16,550 houses and apartments in the Walloon region between 2024-2027. It will contribute to Renopack, an interest-free loan provided by the Walloon government to finance energy-efficient home renovations for less-privileged populations.
Sector(s)
- Industry - Construction
Proposed EIB finance (Approximate amount)
EUR 500 million
Total cost (Approximate amount)
EUR 670 million
Environmental aspects
This operation aims to generate environmental benefits by financing sub-projects focused on energy efficiency involving the reduction of energy consumption, as well as mitigation and adaptation solutions to climate change. Each sub-project will be limited in size and its negative environmental impact will be limited due to its scale, location and technical nature.
Procurement
In most cases, EU Directives on public procurement will not apply, as the financed building works will be ordered and carried out by individual homeowners, who are the final beneficiaries. However, public procurement rules will apply to contracts between SWCS and artisans or other companies.
Status
Approved - 17/12/2024
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).