extremadura, financing energy...

EXTREMADURA, FINANCING ENERGY RENOVATION

Daniel Encinas Martín. Technical Department CoordinatorAGENEX - Extremadura Energy Agency

SOE1/P3/E0294 REHABILITE-Plataforma Transnacional de Apoyo a la Financiación de la Rehabilitación Energética

20th November 2018 – REHABILITE FINAL FORUM

1. How does this case fit within Extremadura RIS3

2. Innovative aspects of Extremadura case

3. Which has been the involvement of Extremadura Government

4. Replicability potential in other regions/cities

Extremadura, financing energy renovation

Energy one regional priority.

Energy Efficiency in buildings as driver of growth and jobs.

Market lacking financial support

How does this case fit within Extremadura RIS31


COMBINATION

OF FUNDS

IS IT

HAPPENING?

WHICH IS THE BETTER

MODEL TO PROMOTE

EE INVESTMENT?

Innovative aspects of Extremadura case2


COMBINATION

OF FUNDS

IS IT

HAPPENING?



FINANCIAL

INSTRUMENTS• Long term sustainability of Structural Funds - revolving effect.

• Higher efficiency in the use of (scarce) public funding - higher leverage effects.

• More business-oriented attitude and financial discipline into the public

identification/selection of projects

• Blending or combination of funds, public or PPP, including technical assistance

to overcome market barriers.

• Capacity to implement innovation (risk sharing, bundling, de-risking, etc)

• Move away from grant dependency culture

Main source of information FI-COMPASS INITIATIVE



FINANCIAL

INSTRUMENTS

FUNDING

COMBINATION

Involvement of Extremadura Government3

FINANCIAL

INSTRUMENTS

FUNDING

COMBINATION

MORE THAN 100 PRACTICES

PROMOTION OF 7 FINANCIAL INSTRUMENTS

FOR ENERGY RENOVATION OF BUILDINGS

EXANTE METHODOLOGY


FINANCIAL

INSTRUMENTS

FUNDING

COMBINATION

TRANSNATIONAL SUPPORTING PLATFORM

EXANTE ASSESSMENT

MORE THAN 200 BUILDINGS ANALYSED

MORE THAN 500 STAFF TRAINED

TRANSNATIONAL PLATFORM FOR

ENERGY RENOVATION OF BUILDINGS



EXANTE ASSEMENT RESULTSMarket failures

Lack of specific financial products for comprehensive rehabilitation

Low demand for rehabilitation works due to lack of permanent incentives from

public administrations, as well as the lack of knowledge of citizens about the

economic savings they bring

Great costs of management of rehabilitation projects


Extremadura Region Potential

> 9.000 Buildings built before 1980, before NBE-79, no insulation > 1.400 fuel central heating > 150 Target buildings



FINANCIAL

INSTRUMENTS

FUNDING

COMBINATION

5 different fund sources:

1. 5 M€ ERDF as guarantee.

2. 30 M€ Banks private investment.

3. Finerpol project (Interreg Europe)

funded the ex-ante assessment.

4. Rehabilite project (Interreg

SUDOE) funded the capacity

building platform.

5. Horizon 2020 one-stop-shop



FINANCIAL

INSTRUMENTS

FUNDING

COMBINATION

Extremadura case, Replicability potential 4


EXTREMADURA, FINANCING ENERGY RENOVATION

Daniel Encinas Martín. Technical Department CoordinatorAGENEX - Extremadura Energy Agency

SOE1/P3/E0294 REHABILITE-Plataforma Transnacional de Apoyo a la Financiación de la Rehabilitación Energética

20th November 2018 – REHABILITE FINAL FORUM

extremadura, financing energy...

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