ARTEE NOUVELLE AQUITAINE (EIB-20150579)

Countries
  • France
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Nov 9, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
AGENCE REGIONALE POUR LES TRAVAUX D'ECONOMIES D'ENERGIE
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 50.08 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 43 million
Converted using 2017-11-09 exchange rate.
Loan Amount (USD)
$ 50.08 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 43 million
Converted using 2017-11-09 exchange rate.
Project Cost (USD)
$ 69.88 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 60 million
Converted using 2017-11-09 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Feb 19, 2018

Disclosed by Bank Jun 29, 2017


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Project Description

According to EIB website, this loan to the Regional Agency for Energy Saving Works (ARTÉÉ), created in April 2015 in the form of a Local Joint-Stock Company (SAEML) will boost the renovation market energy of dwellings on the territory of New Aquitaine. It will enable ARTÉÉ to help finance the renovation of 2,130 housing units in New Aquitaine by 2021. The energy renovation of housing is part of the regional policy for energy transition and energy efficiency, fight against climate change and contribute to the implementation of the next Regional Plan for Urban Development and Sustainable Development (SRADET). This is the third operation under the French EE Private Housing Program.

It aims to make private property owners aware of the need to renovate their homes, to have an energy audit and to assist them in the design and implementation of energy saving works with quality objectives. efficiency and energy optimization. It also aims to ensure a role of "trusted third party" both vis-à-vis the public and professionals from different sectors of activity that contribute to the completion of building renovation operations. 

Based on the website, the project will have a small and limited negative impact on the environment thus an environmental impact assessment is not necessary.

Investment Description
  • European Investment Bank (EIB)
Contact Information

No contact information provided at the time of disclosure. 

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