FinEERGo Dom in Europe
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.
Where does this fit in?
At the EU level, the building stock represent an important aspect in the overall European energy efficiency strategy. The Energy Performance in Buildings Directive (EPBD, 2010/31/EU) through EU Directive 2018/844/EU, emphasizes 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 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 beginning in Eastern Europe. Eastern Europe’s own building stock suffers from deficient maintenance and a lack of energy efincency as until the ’90s energy was either free or very cheap. There are over 3 billion square meters of MFB built on a similar basis allowing for standardization and scale.
How we do it?
Creating the financial ecosystem for building renovations to occur requires trust, communication and transparency among the diverse stakeholders.
|Building Owners||ESCOS||Financial Institutions|