Category: News

Scaling Energy Efficiency Investments in Multifamily Buildings

Regional Investment Roundtable; 23.11.2022, Sofia (Bulgaria)

Successful practices, business models and instruments that enable deep renovation in multifamily buildings were at the center of the discussions during the Regional Investment Roundtable that took place on November 23rd, 2022 in Sofia (Bulgaria). The event was organized as part of the activities under the FinEERGo-Dom – a H2020 funded project. During the opening session, renowned speakers presented recent and upcoming developments in Energy Performance Contracting (EnPC) markets and regulations across Europe, drew key parallels with the FinEERGo-Dom scope, and outlined opportunities for synergies.

The EU level policy context was outlined by Eduardo Soares Antunes (DG ENER). Mr. Antunes focused on the new revision of the Energy Efficiency Directive and the additional ways for supporting the EnPC model throughout EU.

Ms. Karolina Loth-Babut (Polish National Energy Conservation Agency / KAPE) – FinEERGo-Dom project coordinator and Mr. Marcin Jamiołkowski (Polish Fund for Environment Protection and Water Management / NFOŚiGW) – FinEERGo-Dom’s financial capacity provider, presented the structure of the already operating FinEERGo-Dom financial scheme in Poland, which involves The Polish Development Fund (PFD) besides KAPE and NFOŚiGW. Mr. Nicholas Stancioff, the FinEERGo-Dom ideologist, broadened the FinEERGo-Dom vision and shifted it from energy efficiency towards comfort, health, and safety environment for homeowners.

The plenary session concluded with a presentation from one of the keynote speakers of the Roundtable – Mr. Soren Lutken (Chairman of the Global ESCO Network). Mr. Lutken explained the various ways through which the Global ESCO network supports the application of ESCO business model and EnPC around the world, including through mechanisms similar to the FinEERGo-Dom.

Sharing experience from structuring the Bulgarian Decarbonization Fund, North Macedonian Energy Efficiency Fund, and the “Renovation with guaranteed savings” program in Poland was at the focus of the first discussion Session. Mr. Robert Pernetta (European Investment Bank), Mr. Marcin Jamiołkowski (NFOŚiGW), Mr. Simon Avramovski (PointPro Consulting), and Mr. Marko Markov (Econoler) delivered lively and insightful discussion on the subject.

Opportunities for cooperation among active H2020 projects in Bulgaria was the focus of Session Two. Assist. Prof. Maria Trifonova (SHAREs) and Ms. Tzveta Naniova (SHEERenov) brought their perspective on how FinEERGo-Dom can strengthen the value proposition of their projects. Dr. Dragomir Tzanev (EnEffect & Municipal Energy Efficiency Network EcoEnergy) stressed on the importance of effective communication as a tool for enhancing homeowners` engagement.

Mr. Ivan Gerginov (SOFIAC) launched a transcontinental conversation on successful financial practices by using the example of SOFIAC, an investment fund to accelerate Canadian private companies’ EE and decarbonization projects in Session Three. Ms. Gunta Cekule (Latvian Building Energy Efficiency Facility / LABEEF) went into detail in explaining the operation of the fund in Latvia and the reasons why it serves as the role model for the FinEERGo-Dom project. The session concluded with two presentations from mature EnPC markets. Mr. Lieven Vanstraelen (Energinvest & President of the Belgian ESCO Association / BELESCO) demonstrated efficient design of billion investment level project portfolios from Belgium; Ms. Jana Szomolányiová (SEVEn) and Mr. Jaroslav Maroušek (SEVEn) presented a big-ticket EnPC from the Czech Republic that blends financial resources from a grant provider and financial institution.

Presentations for download:

About us

FinEERGo-Dom is an ambitious 4-year project that refines and implements guaranteed financing schemes for energy efficiency and renewable energy in deep renovations of buildings in Poland, Austria, Slovakia, Romania, and Bulgaria. The project builds on the experience of the Latvian Building Energy Efficiency Facility (LABEEF), the original Building Energy Efficiency (BEEF) Facility deployed successfully in Latvia. LABEEF is based on an existing example providing 20 year Guaranteed Performance contracts to owners through an On-Bill payment scheme.

An interview with Ms. Naniova – Executive Director BACC…

Ms. Naniova is one of the most experienced experts in Bulgaria when it comes to renovation of multifamily buildings. In this interview we talk about the H2020 SHEERenov project, which she leads, as well as:

(i) the ways SHEERenov facilitates homeowners during their building renovation journey;

(ii) the SHEERenov model and the services it brings to the homeowners, e.g., investment grade auditing, technical auditing, and long-term affordable financing under the roof of a one-stop-shop (OSS);

(iii) major barriers and suggested changes in regulation;

(iv) SHEERenov integration in the Bulgarian Resilience and Recovery Plan (RRP);

(v) potential for synergies with our H2020 FinEERGo-Dom project, e.g., utilization of the SUNShINE online platform, involvement of ESCO companies in the process, etc.

Experience with the SUNShINE Platform from Slovakia

Overview

SUNShINE platform was also launched in Slovakia. The platform, a useful component for refurbishment and renovation of the buildings using EPC method, offers continuous and reliable monitoring of planned and actual energy consumption to organizations, businesses, owners and residents which now have the opportunity to register and use the platform.

The team of the FinEERGo-Dom project is supporting all phases of the EPC project – from planning, implementation and maintenance of the renovation and monitoring of the energy consumption of the renovated buildings.

The platform offers storing all relevant project documents, protocols, plans, meeting reports for registered users, which can view and use these data as need be.

All project documentation, for example construction plans, energy consumption data or minutes of meetings, can be stored on the platform. Registered and approved organizations and companies can then view these documents and information.

Feedback from our partners

The platform was presented and demonstrated at online and personal meetings with various stakeholders, at the advisory committee meeting and during trainings.

Some of the feedback from our partners:

  • all partners concluded that the platform with its functionalities can be a useful professional tool, however it is necessary to add some more input information about the energy data,
  • enhancing calculations possibilities can be an additional benefit
  • one comment was that the definition of the savings should be based on the official energy audit.
  • there was a recommendation to include the consumption of electrical energy, as current platform offers to the user only EPC projects with the measures for saving thermal energy, not electricity as well (eg. measures including photovoltaic panels installation, modernization of lighting system, installation of EMS, etc.
  • one disadvantage of the platform the participants see is its complexity, structure, which is often complicated and not easily understandable.
  • for a new user, it is a little complicated to find the tables for entering the energy data, as it is hidden in the Annex IV.
  • consumption of domestic hot water is measured in MWh or kWh, not in m3 anymore, therefore this should be included in the platform. The data must be provided according to billing meter readings or on the basis of energy suppliers’ billing invoices.

The platform will be used for the pilot projects, the relevant stakeholders will register in the platform and actively use it.

For more information and collaboration opportunities, please contact us here: info@mattig-management.sk

SUNShINE Platform Connects Beneficiaries, ESCOs, and Financial Institutions in…

One of the key results of the FinEERGo-Dom project is the digital platform SUNShINE, which supports stakeholders involved in the building renovation process.  The platform was developed under another Horizon 2020 project (SUNShINE) and now FinEERGo-Dom partners have developed it further. The main task of the platform is to link all parties involved in the renovation process of multi-family buildings.

Users of the platform in Poland can be both beneficiaries of the “Renovation with a guarantee of savings EPC Plus” programme and ESCOs that have access to buildings entered in the platform. Both parties can more easily establish cooperation through the SUNShINE platform.

The FinEERGo-Dom team in Poland is currently testing the platform as part of the first pilot investments in thermomodernisation of multi-family buildings under the Priority Programme of the National Fund for Environmental Protection and Water Management. If you are a potential ESCO interested in cooperating with Programme Beneficiaries, you can already check the buildings uploaded in the Platform.

Interested parties are invited to get acquainted with the Platfom sunshineplatform.eu

For more information email to Ms. Anna Mazur here: amazur@kape.gov.pl

Austrian Green Investment Pioneers Programm & FinEERGo-Dom

EN subtitles available

The Austrian Green Investment Pioneers Program is a measure within the Austrian Green Finance activities. It emerges from the Austrian Green Finance Agenda, which is developed by the Federal Ministry for Climate Protection, Environment, Energy, Mobility, Innovation and Technology (BMK) and the Federal Ministry of Finance (BMF) together with stakeholders.

The Austrian FinEERGo-Dom team asked Mr. Bacher (Senior Expert Green Finance, Environment Agency Austria) how far the FinEERGo-Dom’s financing mechanism suits to the Austrian Green Investment Pioneers Program.

SUNShINE Platform from now available in Romania

We are very happy to announce to you that SUNShINE Platform was launched for Romania. The SUNShINEPlatform is an excellent stakeholder project management tool for energy efficiency improvement and deep renovation which is now available in Romania.

https://sunshineplatform.eu/

The SUNShINE Platform is a result of the FinEERGO-Dom project, which implements a guaranteed financing mechanism to renovate public and private buildings across 7 countries. Building renovation is key to creating a healthy future for us all. By creating safer, healthier homes and working spaces, we are building a more sustainable future for us all. 

https://fineergodom.eu/romania/

Do you want to join and improve the energy efficiency of your building? 

https://fineergodom.eu/learn-more/how-to-participate/

Save your building, save the planet! 

SUNShINE Platform Perspectives in Bulgaria

The SUNShINE online platform for deep renovation of multifamily buildings, financed by the FinEERGo-Dom project was officially launched in Bulgaria in the beginning of 2022. The SUNShINE platform makes it possible for all Bulgarian stakeholders, active in the energy efficiency sector, e.g., energy service providers, households, financial institutions, investors, municipalities, etc., to manage their building renovation through an array of services:

  • optimally organized for increased transparency for all stakeholders processes, comprising the building renovation project, e.g., feasibility study, project financing, implementation, measurement and verification, etc.;
  • tools for benchmarking and financial assessment;
  • a rich collection of standardized contract templates, e.g., energy service contracts (EnPCs), forfeiting agreements, maintenance appendixes and the like;
  • measurement and verification modules, helping for automating the assessment of the guaranteed energy savings, defined in the EnPC;
  • numerous reporting modules suitable for advanced usage on a portfolio level. For example, municipalities can monitor and assess their building stock;
  • platform localization (already available in Bulgarian);
  • multilayered security access;
  • Continued development for more services in the coming months.

Quite recently, Bulgarian Recovery and Resilience Plan (RRP) has been accepted by the European Commission. Hardly one can imagine a more suitable time for SUNShINE appearance in Bulgaria since a great deal of the “green” objectives, set in the plan, can be facilitated through platform’s tools and services.

According to the RRP, nearly BGN 1,50 billion (EUR 0,75 billion) are planned to be allocated for renovation of multifamily buildings in the course of the next four years. Main stakeholders involved in accomplishing this task include municipalities, condominiums, construction companies, and financial institutions. There will be a preparatory phase for condominiums during which energy audits and other documents necessary for application for financing under the RRP will be prepared. Next comes the approval process by the municipalities, financing by financial partners and/or energy saving companies, implementation and, finally, monitoring of the archived targets. A pretty complex process, prone to errors and difficult to control effectively.

With its library of processes and opportunities for orchestration and control, the SUNShINE platform is in the position to provide answers to the challenges that the RRP faces in Bulgaria – scaling quickly the number of renovation projects while preserving the high quality of their complex management and strict control. For example, municipalities can review online submitted documents and provide feedback/instructions to applicants, financial partners can pre-validate applications and advise on the project structuring, each household can track the progress of the renovation project for its building, etc. At every step, all stakeholders are on the same page and corrective measures can be applied quickly, avoiding unnecessary delays and frustrations during project execution.

Monitoring and reporting features also come handy under the RRP. Besides the possibility a whole portfolio of buildings in the area of a given municipality to be tracked, the SUNShINE platform is fully equipped when it comes to facilitating the implementation of the ESCO business model in terms of contract templates, measurement and verification routines, etc. The RRP foresees that 20% of the investments may be provided by the energy service company (ESCO) for applications submitted after April 2023. The household can repay the investment with the achieved energy savings, which are guaranteed by the ESCO company. As a consequence, repayment capacity of the household is “insured” by the ESCO.

The SUNShINE platform exhibits a versatile design optimized for orchestration of deep renovation projects. The platform can be used by project aggregators, funds, banks and the like, everyone interested to manage their energy efficiency project portfolio in a coherent and transparent manner. For any queries that you may have, get in contact with FinEERGo-Dom partner in Bulgaria –  Mr. Kiril Raytchev here: kraytchev@econoler.com

Try SUNShINE today: https://sunshineplatform.eu/

SUNShINE Platform has been launched in Austria!

The SUNShINE Platform is a stakeholder project management tool designed to refine and guarantee the implementation of energy efficiency measures in the renovation of buildings.

The launch of the SUNShINE Platform is key to facilitating the process of the renovation works as it provides guidelines for Energy Service Companies (ESCOs) to define the Energy Performance Contracting (EPC) model with their clients. It aligns the different stakeholders involved across the entire value chain through standardization, efficiency, and transparency. This feature increases economies of scale and decreases costs and risks for owners and investors. The SUNShINE platform in conjunction with the BEEF (Building Energy Efficiency Facility) business model aims to be a benchmark for deep renovation models. Within the SUNSHINE Platform there are four main entity types: Users, Organizations, Assets, and Projects. The relationship between these entities is fundamental for the good functioning of a renovation project. This platform has been developed under the European-funded project FinEERGo-Dom (2019-2023). Within the project, the financial mechanism BEEF developed in Latvia will be replicated in the following European countries (www.fineergodom-eu): Austria, Slovakia, Romania and Bulgaria.

For more information, please check: https://sunshineplatform.eu/ or get in touch with our point of contact for Austria here: Naghmeh.Altmann@energyagency.at

The first call for applications for the Priority Programme…

The first call for applications for the Priority Programme “Renovation with guaranteed savings EPC (Energy Performance Contract) Plus” has been launched in Poland

The first call for applications for the Priority Programme “Renovation with guaranteed savings EPC (Energy Performance Contract) Plus” has been launched. It is a comprehensive instrument to support investments improving the energy efficiency of buildings implemented under the EPC formula. In the first call for proposals, housing cooperatives, housing associations and local government units may apply for funding for the modernisation of multi-family residential buildings.

From 13 December 2021, applicants will be able to continuously submit fiches (pre-applications) and applications for investment grant funding under the first call of the pilot Priority Programme “Renovation with guaranteed savings EPC (Energy Performance Contract) Plus”.

NFOŚiGW will finance the projects with funds from the Modernisation Fund (FM). The fiches will be delivered from 13 December 2021 to 31 March 2022, while applications for grants will be delivered from 13 December 2021 to 28 February 2023. The beneficiaries of the programme may be housing cooperatives, housing associations, local government units, commercial law companies in which local government units hold 100% of shares and which have been established to implement the tasks of local government units specified in legal acts. The budget of the first pilot call for proposals is PLN 10 million. Co-financing will be provided in the form of grants until the allocation of funds is available under the first call. The amount of the grant will depend on the implemented standard of improvements. The subsidy offered by NFOŚiGW is intended to cover the building owner’s contribution to financing the thermomodernization investment, while the remaining part of financing is provided by the partner – Energy Service Company (ESCO).

The President of NFOŚiGW Prof. Maciej Chorowski emphasizes how important it is to support thermo-modernization investments.

The scale of needs in the area of energy efficiency of buildings in Poland requires that traditional grant support be supplemented with other financial instruments. This is achieved through a pilot support system for investments in the thermal modernization of buildings in the model of energy service companies (ESCOs) based on the guarantee of energy savings. – emphasizes President Chorowski.

The programme supports the modernization works of multi-family residential buildings enabling a reduction in final energy consumption by at least 30% compared to the existing state (before modernization), with the building’s demand for final energy for heating, ventilation and domestic hot water (EKH+W) after modernization being no more than 85 kWh/(m2*year). The program distinguishes 3 standards of improvements: improvement only installation or combined with the implementation of a minimum scope of thermo-modernization works, optimal scope of energy modernization – works with the dominant share of thermo-modernization works, after which EK will decrease by at least 45% and a high standard of energy modernization – works with the dominant share of thermo-modernization works, after which EK will decrease by at least 60%.

At each stage of preparing the flashcard and the application, the Applicant will have the opportunity to use the support of the Energy Advisor, whose role in the first call will be performed by the National Energy Conservation Agency S.A. (KAPE) Questions regarding support from the Energy Advisor should be sent to the following e-mail address: doradcaepc@kape.gov.pl KAPE has many years of experience both in comprehensive consulting in the entire construction process for local government units, enterprises, residents, as well as in the implementation of investments in deep thermal modernization of buildings and performing energy audits of buildings. We want to use them to support building owners in identifying projects and talks with ESCO – assures Mariola Zmudzińska, Vice-President of the Management Board of KAPE S.A.

It is worth noting that the pilot program is implemented in cooperation between the National Fund for Environmental Protection and Water Management and the Polish Development Fund (PFR), whose role is to enable the ESCO company to obtain financing in the form of forfaiting or in another, alternative form. By implementing the ESCO investment support program, the National Fund will use the experience from the FinEERGo-Dom project, implemented since 2019, financed by the European Commission under the Horizon 2020 programme, which aims to support innovation in the European Union. The FinEERGo-Dom project, in which, apart from Polish experts, representatives of Austria, Latvia, Bulgaria, Romania and Slovakia also take part, assumes the implementation of an energy efficiency financing model based on the EPC formula in these countries.

An Energy Performance Contract (EPC) is a modern way of financing investments affecting reduced energy consumption in buildings. The EPC agreement is concluded by the entity planning thermal modernization with the ESCO Company, which provides energy efficiency improvement measures along with their financing at the stage of investment implementation, while taking on most of the financial risk. The ESCO is also involved in the maintenance and management of energy in buildings during the repayment period, and its remuneration is conditional on the achievement of guaranteed savings.

A New Renovation Programme Based on FinEERGo-Dom in Poland

The investment financing model FinEERGo-Dom has become the basis for launching the Polish National Fund for Environmental Protection and Water (NFOŚiGW) priority programme “Renovation with a guarantee of savings EPC Plus”. It was presented in detail during a meeting with the Covenant of Mayors Signatories in Poland on the 13th September 2021. Mr. Michał Kurtyka – Minister of Climate and Environment, representatives from the Polish National Energy Conservation Agency (KAPE), and the Polish Development Fund were among the key participants of the event.

Building upon the energy performance contracting (EPC) concept, the aim of the new programme is to support investments improving the energy efficiency of buildings. Under the umbrella of the Horizon 2020 FinEERGo-Dom project the first pilot investments in deep thermomodernisation of buildings will be carried out using standardized processes, contracts and the digital platform – SUNShINE developed during the first phase of the project.

See NFOŚiGW full press release