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eeef Annual Report 2014

Project Profile The Société Publique Locale d’Efficacité Energé- tique (SPL) signed a mid-term loan agreement for € 5.0m to finance the refurbishment of public buildings during their construction phase and to pave the way for raising further long term finan- cing. The SPL was initiated by the region Rhône- Alpes as a private special purpose company under the French Commercial Code, but operating with public capital. It is associated with a number of public authorities in the region and is dedicated to implementing the energy efficient refurbish- ment projects of public buildings (high schools, schools and gymnasiums), including renewable energy production. Now SPL is in the implementation phase of retrofitting eight schools, five in the region of Rhône Alpes and three in the city of Bourg-en- Bresse in cooperation with local authorities. The full implementation is expected to be completed in Q1 2016. Two additional projects are currently undergoing the public consultation process before they can be added to the projects under implementation. The total project value is expected to be more than € 22.0m. The annual CO2 e savings are expected to be 905t, with primary energy savings of 3,727 MWh. Project Highlights The SPL is expected to lead a new and ambitious thermal renovation initiative – an area common- ly seen to attract few investments. By setting the example of upgrading the public buildings, while going beyond standard thermal regulations, the region aims to achieve its 2050 objectives for energy consumption and greenhouse gas reduction. Key figures Country France Sector Energy Efficiency/retrofit Type of investment Senior debt Total project size (¤ m) 25 eeef investment size (€ m) 5 Financial Close 3 April 2014 Maturity 5 years Estimated (t) CO2 e emission savings (p.a.) 905 Bourg-en- Bresse Société Publique Locale d’Effcacité Energétique 24 eeef Annual Report 2014