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  • JESSICA initiative in Italy - fi-compass · 2018-03-20 · The JESSICA UDF in Sardinia managed by Equiter (Intesa Sanpaolo Group), focused on financing energy efficiency and renewable
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OXY GLEEMEN TOMORROW CAlll()RNIA TECH FINALS ONCE MORE California Instltlltl of TechnoloKY Volume Llo ___________ _________ Thursday, March 9, 1950·_ ____ _________________ Noo 20 St4Jdents Resist Film Occidental Glee Clubs At Tech Assembly Tomorrow As Chances for Peaceful Arbitration Grow Slim according to an announcement By Mike Sellen by Dean Strong, chairman of the 0 Faculty Asse mblie s Committee. The a ir of ten sion in higher s ta te circles was momentarily eased Dean Strong is withholding more this week with the hin t from cap ital sources that renewed peace tickets than before for the use efforts were shortly forthcoming. This announcement marked the of the st uden ts. Registradon Third tel'JlI I 'egistrution wiU take place Monday, l\Iul'(:h 27, foU owing Spring vacation, Clusses will resume MaI'ch 28, Classical and Folk Selections Offered By Popular Choral Group first decla;-ed hope that reconciliation between the two conflicting St udents may purchase their tic ke ts from Miss Pond in Throop Hall for the nominal price of ninety cents---only 18c per even ing's ente rtainment. In the las i Friday assembly of the winter term Caltech stu- dents will be ireaied tomorrow to a varied by ihe Occi- dental College Combined Glee Clubs. Me Howard Swan, direc- tor, will wield the baton. ide a logies might be attained, but® these feelings were not univer· Y W·II Ch sal and were contrasted by a gen- I oose eral air of pessimism in other h I quarters. W ee s T onite BU l'ric's Stateme nt "We now kn ow definitely that the Faculty has prepared and ex- plod ed an atomic examination s omewhere inside Throop," said Military Dir ector of the Atomic Ene r g y Commission General Donald M. Barrie in an interview with the pre ss. , General Barrie added, "Reports indicate that Faculty sc ienti sts may have on hand a stoc kpile of almost 100 of these atomic examina tion s. In the race for a rm s we can spare no etfort." Reverend SI )eaks Other so urces spoke out against this view. In his weekly radio addl'es, Midweek Meditations, Reverend Jam es M. Hendrickson, President of the Caltech Mono- theistic Society and spiritual leade r of millions, called upon his foll owe rs to adopt the moods of humility and co ntrition . Rev- erend Hendrickson climaxed his appeal for peace with the word s, "Le t he who is without sin cast the first examination." The "Great One" With th ese state ments atten- tion fell ever more heavily upon aging Edward Geoffrey Revay, Sixth Lord of Crellin, and No. 1 Conservati ve. Called hurriedly back to Pasadena in the midst of the crisis, Lord Revay's com- manding presence set at ease the more a nxiou s government offi- cials, and inspired confidence in the crowds w h i c h · gathered through the night abou t Crellin Hall hoping fol' an announce- ment. Tonight at 7:30 in the Dabney Hall of Humanities Lounge the Caltech YMCA is holding its an- nual election of student officers for the com ing year. All the stu- dents who have participated in the Y's activities or who have an active interest in the organi- zation are urged to attend. The officers to be elected and the ca ndidat es running for these of fi ces are: l'.'esidc ll t Leo Baggerly John Lewis Vicc. PresJdent John Boppart Secl'ctary Jack McEwing Phil Orville Tl'casurcr John Flynn. National Re[)resentatlve Mike Bader Barney Engholm Publicity l\lanagc.' Larry Starr Tom Stockebrand CIT Brochure Makes Debut By Du ane Mal'shall Yes, there are still some poor ignoramuse s in this country that don't know too much about our great institution. CIT has been doing a large amo unt of work to clear a way this smog of ignor- ance . Now in out' hand s is a new weapon. The Institute has pub- Roul'ing Crowds lished a booklet, Facts Abo ut the The size of the hord s multi- I California Institute of Technol- plied, while inside CrellIn the ogy. lights blazed on unceasingly, and Thi s little booklet does its best page boys scurr ied to and fro, to dispel all the bugaboos about At intervals carr iages drew up CIT. The approach to the mat- before the vast doors depositing tel' is handled in a much warmer statesmen who disappeared grim, manner than the present cold tight-lipped in to the storied catalog of fa cts and figures. chambers. Slightly before dawn TradItions Dcscl'ibcd Lord Revay appeared upon the Undergraduate life is accentu- balcony occasioning a thunder· ated. Social programs of the ous ovat ion from the wailing hou ses are exposed. The houses thousands. Hi s Lordship raised and Frosh " rushing" are de- his hand and the vast throng scribed in interest ing, r ea l terms. quieted instantly, listening in- Sport s and figures about the tently and straining through the percentages of undergrad par- darkness for the first word s. A ticipation in them are given. proffered microphon e was irflpa- In short, he re Is a booklet to tlently brushed aside by HIs defend u s. Lord ship. Fla s hbulks clicked. The original purpose of on Page 4) the He spo ke : (Continued \ Vords of \Visdom "Fourscore and seve n years ago our for efathers brought forth upon this campus a college dedi- cated to the proposition that the good that men do is interred with their bones. We are here now to make a choice between the quick and the dead. " That is our business. " Behind th e black portent of the 'n ew atomic exa mination lies a hope which, se ized upon with faith. can work OUI' salvation. If we fail, then we have doomed every man to be a slave of fear . Crisis Is Here "Our em issa ri es are even now at the doors of Throop pleading for a greater understanding. If (CDntinued on Page 4) Camplls Ca ( entlar THU RS DAY, MARCH 9 I 2 :00 Y Upperclas.s Lunch Club 12 :00 Throop Club Meeting 4:15 Varsity Baseball, Caltech '0'5. Glen- dale J.e. , Caltech Athletic Field 1:15 ASCIT Board of Oirectors Meet· ing in Lower Fleming fRIDAY, MARCH 10 11:00 Occidental Glee Club in Culbert· >On I :30 Varsity Golf J Caltech vs. Santa Barbara at ;)anta Barbara SATURDAY, MARCH 11 I :30 Varsity and Frosh Track Con fe r· ence Relays at Occidental I :30 Tennis, Varsity vs. Whittie r .t Whittier I :30 Tennis , Frosh vs. Whitt ier at Coil· tec h Athletic Field 2 :15 Baseball- Calteeh vs. Nn· arene Lollege at (altech Athletic Field MOND"'Y, MARCH 1) Fin. ls Bio's To Desert For Field Tripi Final preparations are under way for the Biology Club's sp ring vacation field trip to the Organ Pipe Cactus National Monument. All campus personnel interested are invited to join this four-day journey to view and st udy des 4 ert wild flowers. Under the direction of Dr. Fritz W ent, the trip will touch several desert regions of South- er n Arizona and may touch part of Mexico if sufficient interest warrants it. Camp Ou t Open-air ca mping, camp fire cooking, and a s hare-the-ride policy make it possible for ex- penses to be c ut to a minimum, and inc re ase the informa l enjoy- ment of the dese rt sce nery , Tell Stowe Since it is necessary for the final arrangements to be com- pleted as soo n as possible all persons interested in atte nding should indicate their interest im- mediately. A note to Bruce S tow e, Fleming 72; Charles Bates, Blacker 21, or lef t In the B box in Lower Throop will en- sure yo ur attendance on this very worthwhile trip. Film Comments Paul Ballard pians to com- ment on each film for about 10 minut es ju st before its s howin g, pointin g out the unique and in- teresti ng fe at ures of each. Tau Beta Pi Initiates 13 This organ i zati on is r ecognized as one of Ihe bes i, if not Ihe besi, of all college glee clubs on ihe Pacific coast. Soloists in- clude Grace Lynn Martin, Alberta Holter, and Marilyn Hall, o@sopl'anos. Thi s is the first year that film classics a ssemb li es ha ve been held, and they have been suc - cessful from the standpOints of en te rtainm e nt and education. "We hope ," said Dean Strong, "that there will be more stu- dents enjoying thi s series next term t ·h a n in the previous terms." The l arge bent hanging over the steps of Throop announces the beginning of a three·week pledge period for 13 Pl'ospective members of Tau Beta Pi, na- tional honorary engineel'ing fra- ternity. Twelve juniors and one se n- ior were chosen on the basis of their exceptional scho lastic rec- ords and qualifications of charac- ter , Included in next term' s pl'O-I Hend r ic kson is the lone gram will be seve ral interesting semo l' pledge. abstract films. Junior Pledges The films will be presented, as The twelve juniors and their usual, at 7:30 p.m. in Culbertson optio ns are John Bjerklie, ME; Hall. The fOlio ¥ing are the Edward Davis, EE; Franklin film s: Goodman, EE; John Holmes, Apt·il 2 and 3: Math; J ames I1Jers, Chern; John Top Hat (1935) _ Fred As- Johnston, Phys ics; Thoma s Lay- tire and Ginger Rogers. ton, Physics; James McQuiston, Flddle-Dee-Dee (1948) _ Ca- ME; Willi am Wright Jr., ME; nadian abstraction. J 0 h n Rogers, Geol.; Edwa rd La Pouletto Grls (1948)- Stern, ME; and George Trilling, CanadIan cartoon. EE. April 16 and 17: The Blu e Angel (l930)-Von Sternberg direction, with Marlene Dietrich and Emil Jannings . Uberfall (1929}-German ex- perimental mood film. April 30 and May. 1: 1\t.ale and Cecil B. DeMilie (1919)- direction QuaUfications Eligible for election are juniors in the top one·eighth of their class, and seniors in the top one- fifth of the ir class. Once eligi- ble, how ever, consideration s of character and participation in extra-curricular activities , enter Into tile se"teCtion of future mem- bers. w ith Gloria Swanson. Banquet Climax The Brothel'hood of Mau- Members are chosen twice a Blacker And Fleming Elect New Officers F as t on the heels of the ASCIT ele ctions of two_ weeks ago came balloting for n ew house of- ficers last week in Blacker, Flem- ing and Ricketts. Earl Hefner wili be the new prexy for Blacker House, while Dallas Pec k will take over the top respons ibiliti es in Fleming for the next three terms. Other new office r s in Blacker are: Kyle Cattel'iin, vice-presi- dent; Neil Stefanides, sec retary; Hiro sh i Kamei, trea s urer; Bill Pilkington, librari an; and Art Cuse, pope. New \Vh ce ls Fleming's newl y elected hou se wheels are: Dick Libbey, vice- president; \Vahe ed Ghauri, secre- tary; Dick Jones, treas urer; Al Habel' and Al Pitton, co-social chairme n; Norm Gl'ay and Norm Pe c k, co-a thletic managers; and John Gee, librar ian. Election returns from Rickett s came in too late for publication in thi s iss ue of the " Tech." Dabn ey does not hold i ts elec· tion s until the beginning of next term s. short racial fllm. year. The initiation period for Stll'lU 'ises May 14 and 15: this batch of pledges will la st for This year's hOlies elec tions 1.' ho Fres h man (l925)-Har- app r oximately three weeks, dur- were characterized by a large old Lloyd. ing which time pledges wi ll pol- number of candidates for many Th e Sex Life of the PoIYl) ish and machine the Tau Bate of th e offices. Surprises were {l928)-Robert Benchley. bents for the aCl ives, collect the forth coming, especia ll y in the The Skeleton Dance (1929)- signatures o( 100 alumni Tau Fleming secretarial race. Disney. Bates and the 44 actives. They All the ne.w hou se wh ee ls May 28 and 29: will also write and act out a s kit were inducted int o office in a Bombshe ll (l933)-Jean Hal'- for the formal banquet which manner befitting the dignity of low Documentary. will climax the initiation period. t heir new positions. Tecll Reporter Discovers Fowl Social Ort/,r BY BOB S'l'ANAWAY chi ck who stepped out of iine is Our dumb animals? Perhaps, punished seve re ly by th e ot hers. but a fter the interview with Dr , Social Orders Douglas concerning her research Apparently , there are two h ere at the In s titute on the so- types of social orders: the one ciology of chickens, r can't 'help previously mentioned, and the but wonder if we co uldn't take triangle order. Let us say th ere a few le sso ns from our feath- are chi ckens, A, B, and C. in a ered friends. fl ock. Chicken A can peck Here at the Insti tute in the chick en 8 but not C. B can farm- like atmosphere in the peck C but not A, and C can basement of Kerckhoft', as one peck A but not B. Once this of the many projects in the BioI- s tatus is establis hed in the flock, ogy Departmeht, can be found one can see that any grievances the work directed by Dr. Doug- would not lead to a long battle, las, who is at present dOing ba- as only one member of the al'gu· sic re sea rch on the sociology of ment could do any thing about it. c hicken s. Amazing as it may Whether or not this system is seem, chickens have a very defi- the best I will not discu ss, but nite socia l laddel', as have all Bpi- it certainly make s (01' a settled cies of vertebrates. la nd healthy · group of c hicken s. Peck ing Strangers Let us look a little closer at With a h ealt hy Ho ck it has the fa cts by virtue of which we been. found that a stranger can make this sta tement. Almost be introduced into the fio ck, and everyone has at one time or an- for the next week or so, depend- other seen one chicken peck an- ing upon the number of chicks, other. Little tho u· ght might be there will be a series of fights given to this gesture, but actu- in which the newcomer has a ally it is at least one method ex- chance to estab li sh him self in the isting in the flock by which we social order. Sometimes a chick can dis tinguish the different lev- will be readily accepted into the els of the chicken social ladder. flock, and s ometimes he is to- Beginning at the top there is tally una cceptable by the others. the chicken who can peck all the If the latter result s, the out· others without beIng pecked cast can't eat with the other back, At the bottom, there is a c hicken s, nor can he eve n s tay chick who can't peck any of the near them in the pen, but he others but who can be pecked must ma intain a respectable dis· by e very other one of the mem· tance between himself and the bers of his Hock. ThIs is truly others. a puzzling phemonenon to us Now, if we assu me that the who don 't even know · how they chic ken s h ave no means of com- identify each other. Yet there municating ideas, this gives rise is seldom a mi sta ke in the peck. to severa l very important ques- ing order of th e flock. It has tions. The se are, (1) What are been observed that when a mis- controlling factors in the deter- take is made, the , unfortunate mination of the apparent social sta tus, (2) Wha t factors are there which de te rmine which chicken can and whi ch can't be accepted into t he flock, and (3) are the se factor s a characteris· tic of the flock or do they lie in the individual. Reseul'c h Part of the st udy which Dr. D ouglas is making in cludes, as questions in basic research, (1) What makes a h en aggressive , i. e., what . inspire s her to want to pe ck another chic ken , (2) How fa r back do man' s aggres· sive dr ives go, and what simi- l arity of action and instinct ex- ists between man and other form s of vertebrae . As I have mention ed before, there is com- pe tition at the individual level r esu l ting in flock cooperatio n at the group level. In the event that a group does not set tle down and estab lish its social or- der in a normal manner, it is ob- se rved that the members of the fl ock soon begin to l ose weight, stop laying eggs, and become very unhealthy. I t is of great interest, then, if from none other than the economic point of view of fin ances, to und ers tand t he condi tions which crea te har- mony and cont entment in the flock . Techniques of introduc- ing a new member int o the fl ock are being st udi ed in this re . spect also. Behavior Some of the factors affecting the behavior which have been observed by Dr. Douglas are (1) if the food of the flock is lim- ited, there is more pec king and less harmony, and the flock be- comes irritable. (2) If the hen (Co ntinued on Page 4) Piani st Gloria Green is one of the out sta nd ing young pianists of So uth ern California, having won seve ral young artists' co m· petition s, including those at Oc- c idental Coiiege and U.C.L.A. VCI'sat.i.lc Members of the Glee Club have s ung the Brahms and Verdi Re- quiem s with the Los Angeles Philharmoni c Orchestra under the direction of Alfred Wa ll en- stein. Last year, lhe glee c lubs appeared w ith severa l motion picture perso nalities, including Gordon Ma cRae , J ane Powell, and Vincen t Price. TV and Radio The glee c lubs have sung Over television and over national ra- dio hookup s on se veral occasions. Pelior mances have al so been gi ven in many of the leading ho. tels of San Diego, Los Angeles, and San Franc isco. In cons tant demand for school, club, and chu rch programs, this gro up leaves no doubt of its popularity. During the recent ten day va, cation between terms, the Oxy Glee Cl u bs went on a to ur which inc luded town s all over Califor- nia and Nevada. Notices were unanimously favorable. Typical was an ent hu siastic comment by ti le dean of a li glee c lub maes- tros, Bob Shaw. Aftel" the Napa conce rt, he rem a rked, HA damn fine concert." Thi s is high praise indeed, coming from the so urce that it does. In a ll more than thirty performances were given, Progrum The pl'Ogram tomo rrow will in- c lude both class ical and folk s e- lection. Thi s will und oubtedly be one of our more popular as- se mblies. The rally committee h as worked ha rd in sec uring such ou tsta nding talent. A full attendance w ill n ot only mean sat isfaction for a ll present, but will also encourage future con- certs by thi s and s imilar organi, zations . Interview Schedlll, MARCH 9-NA VAL ORDNANCE TEST STATION, Pasade na Annex, Foothlll Blvd., will have rep resent.ifives on c.m- pus Wednesday, March 9, for the pur- pose of interviewing students at the P·3 grade level in (h E, ME, Ae . EE men experienced in ins trumentation , pressure guages, etc .. also eligIble. PhD deg ree men automatically P:3 g rade---;o r Professional degree men w,th approximat ely a year's experience, or MS degree mC!n with a very min i mum of 2 years' experience. MA.RC H T O-NAT IONAL ADVISOR Y COM- MITTEE FOR AERONAUTICS, Moffett F!eld, Calif. Mr . E. P. Hartman. Inter· v,ewer. MS, AE and PhD degrH men in Aeronaut'cal En9ineering and Mathe - matics. Openings Will be in Moffe t Field 9Iif .; Ohio; and langleY Field, Vlrg'nla. (No summer openi n gs! . MARCH 29 Cr 3O-EASTMAN KODAK COMPANY Rochester, New York. Or. Norwood Simmons , Inte ..... iewer. Details laler. MARCH 30 6 31- UNION OIL COMP"' NY l os Angeles. Calif. Mr. J. P. Rockfellow: Mg r. Employee Relat ions, Interviewe r. Details later. MARCH 31- NORTH AMER ICAN AVIA- TltJ: N, INC., Aerophysics lab ., Downey, Callf .. Mr. Ho lbrook, Personnel Manager, Int erVi ewer. Details later. APRIL 3 Cr 4-I NTERNATION... L BUS I- NESS. MACHI NIS, Endicott , New York. Details later . APRI L 3, 4 " S-E. t. DuPONT 6 de NI - MOURS COMPANY, Wilmln9ton, Del. Mr . Division, Inter- APRIL 6-MA RQUARDT A IRC RAFT COM- PANY, Van Nuys Calif. Mr. R. A. Getz, Administrative Engineer, Inte ..... lewer. Details later. APRIL " " 12 (Ten t. t lve) -GEN ER ... L EL ECTRIC COMPANY, los Angeles , Ca lif., and Richland, Washington . Mr. H. C. Hill. Indu st rial Division, and Mr. S. W. Scarfe will interv iew from l.A . Mr . O. W. Mclenegan, Technical Per- sonnel, from Hanford Works. Details later. APRI L 24, 2S Cr 26-GENERAL MOTORS CORPORATION, DetrOit, Michigan . Mr. Kenneth A. Meade, Inte ..... iewer. Details later. TH E U.S. NAVA L CONSTR UCTION IAT_ TAllON C ENTE R, U.S. N"'V ... L ST ... • TION, Port HuC!neme, (allf., 1& In the process of es tablishing a new orga n iz a- tional unit e ntitled U. S. Naval Engineer- ing Research and Evaluation laboratory. Most of the positions are concerned pri- marily with research along various en· gincering Hne s includi ng .I ec ·fron la, chemhtry, physics, mech ankal ." gl ...... _ lng, and geo logy. It is thei r desire to re<;e ive app licat I ons from well qualified persons in these fields. The positions ranjle fr om the trainee grades of GS·S ($3351 per annum! through the higher ec helons of GS· 14 ($B8oo per annu m l.

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  • JESSICA initiative in Italy

    Ljubljana, 21 January 2016

    twitter: #ficompass

  • • JESSICA Funds in Italy

    • JESSICA Holding Fund Sardinia

    • The Energy UDF in Sardinia

    • The JESSICA UDF in Sicily

    • Relevant issues

    • Lessons learned and key success factors

    2

    Agenda

  • During the 2007-2013 programming period, the JESSICA initiative wasimplemented in three Italian regions (Sardinia, Sicily and Campania).

    3 JESSICA Holding Funds and 6 JESSICA Urban Development Funds (UDFs)- of which 2 focused on Energy Efficiency - have been established to manageover EUR 300m:

    JESSICA Funds in Italy

    3

    JESSICA FUNDS IN

    ITALY:

    EUR 328m

    SARDINIAEUR 80m

    UDF - Urban Development

    UDF - Energy Efficiency

    SICILYEUR 148m

    UDF - Urban Development

    UDF - Energy Efficiency

    CAMPANIAEUR 100m

    UDF - Urban Development

    UDF - Urban Development

  • Current situation

    • 100% of the funds already allocated to eligible

    projects

    • Full disbursement by June 2016

    • 37 projects and over EUR 200m total investments

    • Significant employment impact

    • The portfolio includes both niche operations

    (projects of ca. EUR 90,000) and major

    infrastructure projects (gas networks)

    Key facts

    • Creation: 2011 (EUR 70m)

    • Additional contribution: 2015 (EUR 10m)

    • Total resources: EUR 80m - Two UDFs for urban

    regeneration and for EE/RE

    • Strategy: Urban regeneration projects and EE/RE

    projects promoted by the public sector and PPPs

    • Products: debt and equity

    JESSICA Holding Fund Sardinia

    European CommissionStructural Funds (ERDF)

    Sardinia Region(Managing Authority)

    Holding Fund

    Urban Development Fund EE/ER

    Final Recipient

    Urban Development FundUrban regeneration

    Final Recipient Final Recipient Final Recipient

    Structure of the JESSICA HF Sardinia

    PresenterPresentation NotesPurchase of 12 last-generation trolleybuses: zero emissions, higher autonomy, air conditioning, multi-media passenger information system, easy access for disabled persons and video surveillance system (CTM, Cagliari – 6.8m1)Project promoted by a local health authority to increase energy efficiency as part of the restructuring and expansion of health facilities (Nuoro – EUR 8.7m1)

    European Commission

    Structural Funds (ERDF)

    Sardinia Region

    (Managing Authority)

    Holding Fund

    Urban Development Fund EE/ER

    Final Recipient

    Urban Development Fund

    Urban regeneration

    Final Recipient

    Final Recipient

    Final Recipient

  • The JESSICA UDF in Sardinia managed by Equiter (Intesa Sanpaolo Group),focused on financing energy efficiency and renewable energy projects inSardinia.

    28 projects have been selected amounting to ca. EUR 35m of JESSICAinvestments and corresponding to CAPEX of ca. EUR 150m.

    In 2015 all the resources were allocated to eligible projects. Additional amount ofca. EUR 4m was allocated to the UDF (increase of the fund).

    Typically, the projects are of small amount and their final recipients are mainlyLocal Authorities.

    First repayments already received: revolving instrument.

    The Energy UDF in Sardinia

    5

  • The Energy UDF in Sardinia - Leverage effect

    6

    12%19%

    69%

    Energy UDF Sardinia

    EU contribution

    Regional Match- Funding

    Co-financing

    28 beneficiaries financed in the

    Region

    Leverage on EU contribution: ca. 8x 𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿 𝐿𝐿𝑒𝑒𝑒𝑒𝐿𝐿𝑒𝑒𝑒𝑒 =

    𝐸𝐸𝐸𝐸 𝑒𝑒𝑐𝑐𝑐𝑐𝑒𝑒𝐿𝐿𝑐𝑐𝑐𝑐𝑐𝑐𝑒𝑒𝑐𝑐𝑐𝑐𝑐𝑐 + 𝑅𝑅𝐿𝐿𝐿𝐿𝑐𝑐𝑐𝑐𝑐𝑐𝐿𝐿𝑅𝑅 𝑀𝑀𝐿𝐿𝑒𝑒𝑒𝑒𝑀 𝑒𝑒𝑐𝑐𝑐𝑐𝑓𝑓𝑐𝑐𝑐𝑐𝐿𝐿 + 𝐶𝐶𝑐𝑐𝑒𝑒𝑐𝑐𝑐𝑐𝐿𝐿𝑐𝑐𝑒𝑒𝑐𝑐𝑐𝑐𝐿𝐿𝐸𝐸𝐸𝐸 𝑒𝑒𝑐𝑐𝑐𝑐𝑒𝑒𝐿𝐿𝑐𝑐𝑐𝑐𝑐𝑐𝑒𝑒𝑐𝑐𝑐𝑐𝑐𝑐

    PresenterPresentation NotesLeverage=((EU+Region)+Private)/EU

    EU 14mRegion 21mTotal JESSICA 31m (excl top up)CAPEX 109m (excl top up)Cofinancing (CAPEX-JESSICA) 77m,

    Article 223 – The leverage effect of Union funds shall be equal to the amount of finance to eligible final recipients divided by the amount of the Union contribution.In the ESIF context, the leverage is the sum of the amount of ESIF funding and of the additional public and private resources raised divided by the nominal amount of the ESI Funds contribution.

  • Energy efficiency in a public hospital - NUORO

    Photovoltaic systems on public buildings –BALLAO (CA)

    Photovoltaic systems on public buildings –BURGOS (SS)

    Photovoltaic systems on public buildings –ESPORLATU (SS)

    Photovoltaic systems on public buildings –CARGEGHE (SS)

    Photovoltaic systems on public buildings –NURAGUS (CA)

    Photovoltaic systems on public buildings –CHIARAMONTI (SS)

    Photovoltaic systems on public buildings –MARTIS (SS)

    Photovoltaic systems on public buildings –ASSOLO (OR)

    Photovoltaic systems on public buildings –SINNAI (CA)

    Energy efficiency of the school – OLLOLAI (NU)

    Cogeneration plan, wind power plant, PV plants on 4 public buildings – SEULO (CA)

    Requalification of public lightning – ERULA (SS)

    Biomass heating system – TONARA (NU)

    Four projects for energy efficiency and photovoltaic systems installation on public buildings – SAMUGHEO (OR)

    Energy efficiency of the City Hall – QUARTU SANT’ELENA (CA)

    Four projects for energy efficiency and photovoltaic systems installation on public buildings – BARADILI (OR)

    Energy efficiency of City Hall and public lightning renovation – DORGALI (NU)

    Geothermal system for heating public buildings – FORDONGIANUS (OR)

    Installation of 55kW wind power plant – OZIERI (SS)Treatment plant of slaughtering waste

    associated to a cogeneration plant – CHILIVANI AMBIENTE S.p.A. - OZIERI (SS)

    Extraordinary maintenance and efficiency of the public lighting in the industrial area of OLBIA -Consorzio CIPNES

    Photovoltaic systems on public buildings –MUROS (SS)

    The energy project Portfolio in SardiniaConversion of the Porto Torres petrochemical plant in a bio refinery - Matrica

    Energy efficiency of the buildings of the CNR Campus in SASSARI

    Installation of 105kWp solar plants on the public buildings - TORRALBA

    Installation of 243kWp solar plants on the public buildings of the town - SINNAI

  • The Energy UDF in Sardinia – project examplesEnergy efficiency of the City Hall (Quartu Sant’Elena)

    8

    Windows to be replaced

    The building hosting Quartu Sant’Elena town hall has a facadeformed of glass. The primary objective of the project is thereplacement of old windows and frames.

    The project is not only aimed at improving the safety ofworkers and users accessing the building , but also atobtaining a substantial improvement of the building energysavings within the limits set by local regulations.

    The City Hall

    PresenterPresentation NotesTotal investment EUR 540k100% JESSICA

  • The Energy UDF in Sardinia – project examplesWooden biomass power plant (Tonara)

    The project envisages the construction of two biomass boilers (moving grate boilers) for a total heatingcapacity of 500 kW, to be fed by woodchips.The project envisages the construction of a heating network providing energy supply to the schools and themunicipal gym located in the surrounding area, allowing the disposal of the outdated and polluting oil-firedboilers.

    9

    Map of the heating network

    Functioning of the power plant

    PresenterPresentation NotesTotal investment EUR 360k100% JESSICA

  • The Energy UDF in Sardinia – project examplesEnergy efficiency in a public hospital (Nuoro) (1/2)

    10

    The new building

    San Francesco hospital today

    Heating power plants

    New hall heating plant

    As part of a broader project (restructuring and completionof local hospital facilities), following JESSICA-funded energyefficiency measures are envisaged:

    - construction works: installation of a double skin envelope;- mechanical works: building of a more efficient HeatingVentilation and Air-Conditioning (HVCA) system;- electrical works: installation of electrical systems for airconditioning, installation of an architectural lighting system.

    The concession contract also stabilizes about 300 jobs.

    PresenterPresentation NotesTotal investment EUR 72.3mJESSICA EUR

    Final Recipient: Polo Sanitario Sardegna Centrale SOCIETA’ DI PROGETTO S.P.A. (PSSC)  Brief description of the Project :  Engineering, construction and management of the renovation and completion works of the hospital units of San Francesco and Zonchello di Nuoro, San Camillo di Sorgono and of the Local Hospital Units of Macomer and Siniscola.The 25 years concession provides for some relevant efficiency energy interventions as the improvement of the outer of the building and the installation of a more efficient HVAC system in the San Francesco Hospital. Income generation and financial viability The main revenues of the project consists of the fees payable by ASL in favour of PSSC for the construction of the project and for its operation. In more detail PSSC will receive a yearly Concession fee for the construction works and an annual Service fee as consideration for this services: - maintenance and buildings management - energy service - cleaning - catering patients and employees - waste collection and disposal - cup - porter - clinical engineering - hw & sw management

  • The Energy UDF in Sardinia – project examplesEnergy efficiency in a public hospital (Nuoro) (2/2)

    11

    Revolving nature of JESSICA instrument

    Fondo SardegnaEnergia *(FSE UDF)

    JESSICA funds

    Concession + servicing fees

    Construction worksP.S.S.C. **

    (project company)

    Repayment

    JESSICA funds

    Managing Authority

    JESSICA Holding Fund

    Repayment

    Contingent loan

    Jessica Loan*

    ***

    * Through Instesa Sanpaolo** Central Sardinia Healthcare Company*** Nuoro Local Health Authority

    Structuralfunds

    Repayment

    Structuralfunds

    PresenterPresentation NotesFinal Recipient: Polo Sanitario Sardegna Centrale SOCIETA’ DI PROGETTO S.P.A. (PSSC)  Brief description of the Project :  Engineering, construction and management of the renovation and completion works of the hospital units of San Francesco and Zonchello di Nuoro, San Camillo di Sorgono and of the Local Hospital Units of Macomer and Siniscola.The 25 years concession provides for some relevant efficiency energy interventions as the improvement of the outer of the building and the installation of a more efficient HVAC system in the San Francesco Hospital. Income generation and financial viability The main revenues of the project consists of the fees payable by ASL in favour of PSSC for the construction of the project and for its operation. In more detail PSSC will receive a yearly Concession fee for the construction works and an annual Service fee as consideration for this services: - maintenance and buildings management - energy service - cleaning - catering patients and employees - waste collection and disposal - cup - porter - clinical engineering - hw & sw management

  • The JESSICA UDF Sicily managed by Equiter, focused on financing urbandevelopment projects in Sicily.

    In the framework of a Convergence Objective Region, as Sicily, the UDF hasselected 5 projects underpinned by an urban socioeconomic impact andrelevant employment prospects.

    The 5 Projects allow to allocate all JESSICA resources (EUR 81m) and arrangeco-financing for more than EUR 200m.

    The JESSICA UDF in Sicily

    JESSICA Final Recipient Project Municipality2007-2013 ERDF OP Sicily Axis

    1 Ri.MED Foundation Biomedical Research and Biotechnology CentreCarini (Palermo) Axis VI

    2 Porto turistico di Capo d'Orlando S.p.A. – PTCO Touristic harbourCapo d’Orlando (Messina)

    Axis III

    3 KORE University Research centre and library for students Enna Axis VI

    4 SAC S.p.A. – Catania Airportmanager Car parking at Catania Airport Catania Axis I

    5 Gratteri Municipality Retirement home Gratteri(Palermo) Axis VI 12

  • The Project Portfolio in SicilyResearch centre and library for students at KORE University

    Research Laboratories

    Flight simulatorLibrary_ work in progress

    Rendering _ Library

    The project, for a totalinvestment of EUR12.4m, wholly financedby JESSICA resources,has allowed to improvefacilities andlaboratories forUniversity students,and to create jobopportunities for about50 researchers and 25people in charge of thenew Library.

    13

  • The Project Portfolio in SicilyRetirement home in Gratteri (Palermo)

    The project, for a totalamount of EUR 3.2m,will deliver aretirement home with40 beds: a healthcarestructure, relevant forthe Municipality ofGratteri from a socialand employment pointof view.

    14

  • Main issues faced by the UDFs in the implementation of JESSICAinvestments:

    • Delay in the start-up of JESSICA financial instruments in respect ofthe programming period start-date

    • Rigid Investment Strategy (e.g. initially excluding private promoters)

    • As far as projects promoted by Local Authorities are concerned:

    o Lack of JESSICA eligibility requirements, as many investmentspresumed to involve grants, without a previous assessment ofproject financial repayability;

    o Inadequate project quality and implementation level due tolack of technical assistance.

    Relevant issues

    15

    PresenterPresentation NotesRegional constraints which have limited the UDF investment capability (i.e. constraints deriving from the fund allocation among specific OP ERDF intervention lines)

  • • Implementation of Financial Instruments since the beginning of theprogramming period

    • Project pipeline

    • Flexible Investment Strategy

    • Appropriate governance structure – driven by the objective of the fund

    • Fund manager selection

    • Territorial coverage by financial intermediaries

    • Technical assistance for project preparation

    • Cooperation with private sector (e.g. PPPs, eligibility of private finalrecipients)

    • Simple and swift procedures

    • Capacity building and transfer of know-how to financial intermediariesand final recipients

    Lessons learned and key success factors

    16

    PresenterPresentation NotesTo allow JESSICA investments in presence of State Aid, so JESSICA instruments are able to invest more effectively in market failure conditionsTo give to the UDF a reasonable flexibility in its activity, while the assessment of compliance with OP ERDF remains in charge of the Region To provide clear rules in reporting and monitoring, in order to take into account urban projects typical features, i.e. long-term delivery period and positive social externalities. To give opportunity also to private firms/entities to apply for JESSICA resources to finance urban projects, if underpinned by relevant public objectives (i.e., job creation, urban requalification, etc.)

  • Thank you

    www.fi-compass.eu

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