SPAR&BAU; ENERGY EFFICIENT HOUSING (EIB-20180071)

Countries
  • Germany
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
Proposed
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.
Borrower
WILHELMSHAVENER SPAR- UND BAUGESELLSCHAFT EG
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Industry and Trade
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)
$ 37.44 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 32 million
Converted using 2018-07-23 exchange rate.
Project Cost (USD)
$ 94.77 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 81 million
Converted using 2018-07-23 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Jan 31, 2019

Disclosed by Bank Mar 23, 2018


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Project Description

The project finances the construction of residential Nearly Zero Emission Building (nZEB) and "Plus Energy House" in Wilhelmshaven, Germany. The promoter is a housing cooperative, Wilhelmshavener Spar- und Baugesellschaft eG.

The project aims to provide high-quality, energy-efficient, and affordable housing in Wilhelmshaven. By increasing the use of renewable energies, the project will benefit the environment and thus help to mitigate climate change.

Investment Description
  • European Investment Bank (EIB)
Private Actors

The project promoter, Wilhelmshavener Spar- und Baugesellschaft eG, is a private company not being subject to EU rules on public procurement or concessions.

Contact Information

*There is no further information released at this project stage*

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