You are here:  Home  >  Banking  >  Current Article

Sweden: EIB loans SEK 3 Bln to Hemsö for energy efficient social infrastructure

By   /   July 13, 2018  /   Comments Off on Sweden: EIB loans SEK 3 Bln to Hemsö for energy efficient social infrastructure

Source: European Investment Bank

The SEK 3 billion financing will support the construction of and refurbishment to NZEB standards of energy efficient social infrastructure.
Construction plans include healthcare and research buildings, elderly care homes and educational facilities.
The European Investment Bank (EIB) has signed a SEK 3 billion (EUR 292 million) loan agreement with Hemsö Fastighets AB. The Swedish property owner will use the long-term (up to 25 years) financing facility to build healthcare and research infrastructure, elderly care homes and educational facilities, all to nearly-zero-energy-building (NZEB) standards. The premises will be located in the main Swedish cities.
Alexander Stubb, vice-president of the EIB, commented: “In the Nordics there’s no way around it; conserving energy and heat is a major issue, so we are very pleased to support Hemsö with this project. Public buildings are responsible for a large part of our CO2 output, and thus making them more energy efficient is an important step in mitigating their carbon footprint.”
The facility will be unsecured and will provide Hemsö with a sustainable, flexible and affordable source of external funding. As most of the services delivered in Hemsö’s premises are taxpayer-funded, the financial added value offered by the EIB will ultimately benefit the Swedish citizens.
“We are thrilled about initiating this long-term cooperation with the European Investment Bank. The EIB’s focus on green and socially relevant investments fits well with Hemsö’s business model for developing sustainable social infrastructure. This new facility diversifies the company’s financing and allows us to continue focusing on long-term funding for the company’s planned projects.” said Jonas Rosengren, Hemsö’s Group Treasurer.
The demand for social infrastructure is expected to rise in Sweden, not only due to demographic reasons, but also because of ongoing urbanisation: Swedish cities are among EU’s fastest growing cities. The project supports national and European targets for energy efficiency and contributes to CO2 emission reduction, thus supporting climate change objectives as well as diversification of energy supply objectives in the EU.


    Print       Email

You might also like...

Speech by Michel Barnier at the European American Chamber of Commerce

Read More →