Project Notice
|
| PNR |
52321 |
| Project Name |
IRISH BUILDINGS ENERGY EFFICIENCY PLATFORM |
| Project Detail |
The project consists of an investment platform supporting energy efficiency investments in privately owned housing (homeowners and non-commercial private landlords). The scheme will be supported by a guarantee structure benefiting from Irish budget funds as a first loss piece, a mezzanine tranche and a senior tranche provided by EIB, with the Irish NPB SBCI acting as implementing partner. The operation will be part of the Irish Climate Action Plan and as such will significantly contribute to EIBs Climate Action targets.
Objectives
This project is a guarantee scheme for low-cost residential retrofit loans. It forms part of Irelands Climate Action Plan and National Recovery and Resilience Plan. The Irish budget supported loan guarantee scheme will provide risk protection to credit institutions participating in the scheme. This will enable them to offer loans with reduced interest rates and longer tenors to make comprehensive home energy efficiency upgrades more affordable to households and non-corporate landlords.
Comments
Civil engineering activities.
Sector(s)
Industry - Construction
Proposed EIB finance (Approximate amount)
EUR 226 million
Total cost (Approximate amount)
EUR 1759 million |
| Funded By |
European Investment Bank (EIB) |
| Sector |
Energy & Power |
| Country |
Ireland , Northern Europe |
| Project Value |
EUR 175,900,000
|
