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2011. gada 15. marts
From strategy to execution:
experience in financing energy efficiency projects
Ieva Tetere, Board member of SEB in Latvia
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• To share longer term experience of financing energy efficiency and related projects
• To outline the areas of development in order to increase energy efficiency financing
Main issues for today
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SEB:• a leading Nordic financial institution and one of largest banks in
Europe• serving 4 000 000 private, 400 000 small and medium size and
2500 corporate and institutional customers worldwide• in Latvia - a financial partner for more then 900 000 private and
corporate customers• 90% of all new funding in Latvia for 2010 was corporate related• TOP 3 industries in Latvia regarding new lending in 2010:
– Wood processing– Agriculture– Manufacturing
• SEB in Latvia is nominated as a reputation leader in banking sector for 2010
SEB – the trusted partner for financial solutions
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Achievements shape our future ambitions
• First apartment house renovation financed by SEB in 2004
• 2004-2007: 25 loans in amount less then 1 million lats
• 2008-2009: 21 loan in amount of 1.6 million lats
• 2009: ERAF program with 50% co finance
• 2010: 33 loans in amount of 2.2 million lats
More than 100 houses have agreement for EU funding and started renovation process,
~60% financed by SEB
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Success story – Ventspils, Brīvības Street 33/35
“House keeper” - municipality owned company
Nr. of apartments - 35
Loan - 50 000 LVL (50% by ERAF)
Duration - 12 years
Done - heat insulation of buildings, change of warm water regulation, heat insulation of drainpipes, maintenance of heating system
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Success story – Liepāja, Klaipēdas 84
“House keeper” - apartment union “Klaipēdas 84”
Nr. of apartments - 60
Loan - 196 350 EUR (50% by ERAF)
Duration - 15 years
Done - heat insulation of buildings, maintenance of staircase, change of windows and doors for common use areas, renovation of ventilation systems, maintenance of heating system
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Success story – Ropaži, Rīgas Street 14
“House keeper” -
apartment union “Pirmā māja”
Nr. of apartments - 12
Loan - 67 000 EUR (50% by ERAF)
Duration - 15 years
Done - heat insulation of buildings, change of windows, maintenance of heating system
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Even more – SEB stands for energy efficiency on a broader scale
• In 2010 SEB granted 5,25 million euro for “Kuldīgas siltumtīkli “
- SIA "Kuldīgas siltumtīkli" is a company owned by Kuldīga district municipality
- The loan goes for construction of biomass cogeneration electro station
- The aim: to increase the production of heating and increase the usage of energy
• In 2009 SEB granted more then 2 million euro for farm "Līgo“
- The loan goes for construction of biogas production unit
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More renovation projects, more questionsThe main challenge ahead:
• To agree on renovation (as at least 60% of inhabitants should agree on this activity) – I take care only about my apartment!
• To diminish potential issues/problems regarding:
- lack of renovation quality
- lack of energy audits quality
- lack of procurement quality
Suggestion:
Need for public discussions and competence sharing:
- awareness,
- access to financial tools,
- process and end quality,
- benefits for renovation and related initiatives.
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Thank you for your attention!