Page 21 - European Energy Innovation - summer 2018 publication
P. 21
Summer 2018 European Energy Innovation 21
COMMUNICATION
Structural Funds for de-risking
energy investments in buildings
The use of financial instruments HousEEnvest
(FIs) supported by the European
Structural Investment Funds (ESIF) is Energy Efficiency Investments in multifamily houses
proving to be a more sustainable and
efficient way to invest in growth and PROJECT SOCIOECONOMIC INDICATORS PROJECT ENERGY INDICATORS
development than the classic non-
returnable grant. 5 Million Euro ERDF as Guarantee Fund 300.000 sq. of buildings retrofitted
> 35 Million Euro invested 60% final energy saved per building
In the current 2014-2020 period, the > 700 equivalent employment 1 MW PV self-consumption installed
Operational Programs (OPs) > 60% public support returns as taxes > 6.000 users improve comfort
of the Member States (MS) plan
to use 20 billion euros from ERDF
and CF (about 8% of the total) for
FIs, nearly double than the 11 billion
euros of the previous period
2007-2013.
The financial products in larger • Rehabilite project (Interreg SUDOE) • EC initiatives were very valuable
use are currently loans and equity, funded the capacity building in the process of definition of
or quasi-equity, with a lower platform. Extremadura FI ( Fi-Compass,
introduction in the market of Smart Finance for Smart Buildings
guarantees and multiproduct. This • HousEEnvest (H2020) will provide Initiative, Sustainable Energy
was also repeated in 2007-2013, the technical assistance for the Investment Forums, EEFIG,
mainly due to the intensification of investment implementation DEEP or Managenergy), and their
FIs in the SME and RTD thematic through a one-stop-shop. necessity will increase for the
objectives. definition of the coming 2021-2027.
Some conclusions from Agenex
However, 2014-2020 presents a large (Extremadura Energy Agency) • Specific training is recommended
number of FIs samples in the energy experience: for Managing Authorities all over
field, covering loans, guarantees and Europe, to be able to manage
multiproduct. Extremadura Region is • Commercial banks are willing to FIs in OPs, and to analyse the
one of these samples. increase their portfolio of clients results from ex-ante assessments.
through investing in new projects. Managenergy initiative, together with
Extremadura Region has designed a However, due to the lack of National, Regional and Local Energy
Guarantee Fund of 5 million euros references, the energy efficiency Agencies can play an important role
ERDF from the ROP, which will cover in buildings is still perceived as a in the analysis of the market gap
the risk of the Commercial Banks risky investment when it includes to be covered by the FI. l
when lending 35 million euros for full retrofitting and external
energy retrofitting of condominiums. insulation. Contact information
Extremadura is going to combine 5 • The intervention of public sector is Javier Ordonez
different fund sources in order to necessary in order to provide de- Head of International Area
mobilize the final investments: risking systems, which has to be AGENEX – Extremadura Energy
offered through financial products Agency
• The OP provides the guarantee to such as Guarantees, and through Email: jordonez@agenex.org
the commercial banks. integral market assistance such as
one-stop-shops.
• Commercial banks leverage with
private investment until 35 million.
• Finerpol project (Interreg Europe)
funded the ex-ante assessment.
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