SOLE: Experts discussed on how to finance energy improvements in public buildings during the second technical seminar

Photo by Jason Richard on Unsplash

The 2° technical seminar of SOLE project on good financing practices for energy efficiency interventions in public buildings took place online on the 30th March.

The project, funded by the ENI CBC Med Programme, aims at contributing to increase the capacity of public institutions in planning and implementing policies and actions aimed at improving the sustainability, from an energy point of view, of the public real estate assets. The project strategy is based on the promotion of sharing knowledge activities and practices, as in this second seminar, but also on the implementation of energy requalification interventions in seven pilot buildings in the Mediterranean area (schools, sports centers, public bodies, universities) and raising awareness of virtuous behavior, aimed at a conscious use of available energy, the capitalization of results and the development of recommendations that should directly influence the development of sectoral public policies.

SOLE is a project coordinated by Anci Toscana, together with partners from the Mediterranean basin (Greece, Tunisia, Egypt, Jordan, Lebanon, Greece and Spain).

Divided into three round tables, which highlighted the opportunities for public, private, and mixed funding, this second technical seminar hosted experts from the public and the private sector, with a specific focus on the financial instruments available and on the need to develop new and effective financial strategies in an era of severe and long economic crisis.

In the area of public financing, the opportunities offered by grants and public subsides, at regional and national levels (i.e. the National Energy Efficiency Fund, focuses on energy efficiency interventions carried out by companies, including ESCOs - Energy Service Companies, and Public Administrations or the Thermal Account) has been discussed in the 1st round table.  In the framework of private financing solutions, subject of the 2nd round table, the ESCO Model was explained. ESCO’s  Energy Service Companies provide energy services to final energy users, including the supply and installation of energy efficient equipment and/or the building refurbishment. The experts invited to this second part of the seminar stressed the main features of these innovative companies, which can also finance or arrange financing for their operations and their remuneration is directly tied to the energy savings achieved. Finally, the important innovation linked to blended financing strategies has been showed, stressing in particular the role of collaborative financing strategies from the crowd to support energy transition processes.

These seminars are organized by SOLE project in the framework of knowledge sharing activities, to inform and support the launch of pilot initiatives and they are under the coordination of the Spanish partner Andalusian Energy Agency.