Actions and Detail Panel
Financing energy renovation works through soft loans & 3rd-party investment
Fri 31 March 2017, 10:00 – 11:00 CEST
Although many cities and regions have engaged in energy transition, financing sustainable energy measures remains a great challenge. Project investment costs are high and it seems difficult to cover them using the municipal budget and traditional financing methods only. Local and regional authorities have to be resourceful and open-minded to invent and test new financing mechanisms, business models, organisational structures and partnerships to make their sustainable energy projects happen. This requires strong technical, financial, legal and coordination skills and expertise in local authorities.
Objectives: to inform and train participants on:
How to set up a soft loan financing scheme for homeowners who want to carry out energy refurbishments of their homes. Six European cities and regions have set up soft loan schemes and developed strategic partnerships with 18 local banks and financing institutions!
How to set up a third party investment scheme. The city of Stuttgart developed a ‘care-free energy renovation package’ for home owners. The package includes: planning, building and construction, operation and maintenance, financing, guarantee and risk assumption. Home owners do not need to secure upfront financing for the replacement of the heating system. This is done by a municipal ESCO to whom the home owners pay a monthly service fee through energy supply contracting.
Target: residential sector (private residential buildings, social housing)
Target groups: Organisations who have a strong potential to replicate these financing schemes and/or to promote them towards local and regional authorities:
Representatives of national public authorities and energy agencies
European and national associations of local authorities
Representatives of managing authorities of the European Structural and Investment Funds (ESIF)
Local and regional authorities and their energy agencies
This event is organised in the framework of the INFINITE Solutions project co-funded by the Intelligent Energy Europe Programme of the European Union and coordinated by Energy Cities.