Page 8 - European Energy Innovation - Summer 2017 publication
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8 Summer 2017 European Energy Innovation

Unlocking energy investment in
private houses

Up-scaling investments in energy efficiency and renewable        The use of ESIF, especially ERDF, in the generation of new
energies for buildings is a major challenge to meet 2030 EU      FIs for energy efficiency in buildings is a main challenge
targets. National, regional and local administrations have to    for the current period 2014-2020. Especially when Regions
innovate in the application of public funds in order to rise     try to combine these FIs with other EC funding initiatives,
the leverage of investment that ESIF, and other public funds,    such as EFSI, and wants to leverage the public investment
can generate in the energy market.                               through public-private partnerships, by including private
                                                                 financial institutions in the mix.
Unfortunately, most of ESIF and public incentives are
currently used with non-returnable grant systems. Non-           Finerpol aims to launch a pilot FI in Extremadura in 2017, for
returnable grant policies are showing important weakness         multifamily houses with central heating, which have been
compared to other schemes, such as more complex                  identified in the ex-ante assessment as a locked investment
Financial Instruments (FIs), so regional authorities have a key  with a market potential higher than 70M€. l
role to play in moving to other support policies which are
proving more cost-effective.                                       Contact details: Javier Ordonez Munoz
                                                                   Head of Economic and International Area
Extremadura region is coordinating 2 EU initiatives for            Extremadura Energy Agency (Agenex), Spain
the promotion of FIs for energy renovation of multifamily          Email:
houses, covering 14 EU regions, which will develop pilot FIs       Tel: +34 924 262 161
supported by ESIF. This initiative, called FINERPOL, is funded     Project:
by Interreg Europe Programme with 1,9M€ ERDF.

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