energy saving

Heimstaden Bostad to Receive EU Financing for Construction of Energy Efficient Housing

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The European Investment Bank has signed a SEK 3 billion (approximately €300 million) financing facility agreement with Heimstaden Bostad AB. The Swedish residential company will develop eight residential properties in five cities in Sweden, resulting in about 3,300 new affordable homes to rent. The project is backed by the Juncker Plan’s European Fund for Strategic Investments (EFSI).
Heimstaden Bostad to Receive EU Financing for Construction of Energy Efficient Housing
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The new affordable housing units will benefit from high-energy performance standards.

Alexander Stubb, Vice-President of the EIB, commented, “We must not underestimate the importance of energy-efficient housing in fighting climate change; our homes and office buildings are the biggest emitters of CO2, bigger even than cars. With the demand for affordable housing continuously on the rise in Sweden, I am glad that the EIB can contribute towards alleviating the issue – and doing so with sustainable housing units.”

 “As a long term investor, to develop and manage affordable housing with high-energy performance standard is part of our DNA. This project will create value both from a social as well as from an environmental aspect and it is with great pleasure we proceed with this important project in cooperation with the EIB,” said Patrik Hall, CEO of Heimstaden.

The demand for social infrastructure, including housing, is on the rise in Sweden, not only for demographic reasons, but also because of ongoing urbanization: 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.

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