75 million euro to finance the construction of NZEBs in Sweden
The European Investment Bank (EIB) has signed a EUR 75 million loan with real estate company Castellum for the construction of nearly zero-energy buildings (NZEBs) in Stockholm and Örebro, Sweden. The loan was made possible by the support of the European Fund for Strategic Investments (EFSI), central pillar of the European Commission’s Investment Plan for Europe.
Castellum will use the loan to construct two new NZEB office buildings, specifically the “Torsplan” building in the Hagastaden part of Stockholm and the “Citypassage” in central Örebro.
“We’re particularly proud to support Castellum in this initiative, also since climate action is high on the agenda for the European Investment Bank.” said Romualdo Massa Bernucci, Director for EIB lending in the Nordic countries. “Both residential and office buildings are responsible for a large part of the CO₂ output, so making them more energy efficient is an important step in mitigating our footprint in large cities.”
Cecilia Malmström, Commissioner for Trade, said: “Improved energy efficiency in buildings is an important part of our transition towards a greener society but it often requires significant investments. This is where the Investment Plan can play an important role. With today’s agreement, the European Fund for Strategic Investments will contribute to Sweden’s development towards a reduced dependency on fossil fuels.”
With climate action as a main priority for the EIB, Castellum’s initiative in constructing NZEBs fits perfectly with the Bank’s strategy and comes after a number of similar projects that EIB has recently supported in Sweden, Finland and Germany.