Warsaw 13th June 2019

Warsaw – On 12th June, the Polish National Energy Conservation Agency (KAPE) held the Kick-Off Meeting of FinEERGo-Dom (Financing scheme for Energy Efficiency and Renewable energy Guaranteed in Deep renovation of building stock) EU-Funded Horizon 2020 project.

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Warsaw – On 12th June, the Polish National Energy Conservation Agency (KAPE) held the Kick-Off Meeting of FinEERGo-Dom (Financing scheme for Energy Efficiency and Renewable energy Guaranteed in Deep renovation of building stock) EU-Funded Horizon 2020 project.

FinEERGo-Dom is an ambitious 4-year project led by a consortium of experienced partners from eight countries – KAPE (Poland), National Fund for Environmental Protection and Water Management (Poland), ESEB (Latvia), Econoler (Bulgaria), Austrian Energy Agency (Austria), Funding for Future (Netherlands), Mattig Management Partners (Slovakia and Romania) and Stage AI (Bulgaria).

Objective 

Building on the experience of the Latvian Energy Efficiency Facility (LABEEF), the financial scheme deployed successfully in Latvia, the FinEERGo-Dom team will refine and implement guaranteed financing schemes for energy efficiency and renewable energy in deep renovations of buildings across the eight (8) countries. The FinEERGo-Dom team will work with stakeholders from Policy Makers to Final Beneficiaries and will engage in dialogue across the region. Even, Ukraine has shown an interest to follow the project.

Why?

The Union’s target is to reduce CO2 emission in buildings by at least 88%-91%. Currently, experts estimate that the building stock across EU consumes 40% and is responsible for 36% of CO2 emissions. The potential for energy efficiency savings and renewable energy in Eastern Europe is far greater. As Energy was “free”, building stock built before the 90’s did not require energy performance standards. Further, due to deferred maintenance, 70%-90% of the building stock needs renovation.

Across the partner countries, over 26 million households are living in Multifamily Buildings (MFB), while the non-residential buildings stock exceeds 540 mln. m2 across Bulgaria, Poland and Romania.

At EU level, the importance of buildings in the overall energy efficiency strategy was further stressed. The Energy Performance in Buildings Directive (EPBD, 2010/31/EU) through EU Directive 2018/844/EU, emphasises the exemplary role of public bodies’ buildings. It requires a renovation strategy to be integrated into the NEEAPs (EED, article 4). EU member states must establish long-term renovation strategies, to be updated every three years, to support the renovation of the national stock of buildings, including residential and non-residential. This is the FinEERGo-Dom team’s core objective through the implementation of a successful financing scheme across Eastern Europe.