Innovative financing for energy efficiency and renewables: feedback from successful projects

Husa President Park Hotel, Boulevard du Roi Albert II 44, 1000 Bruxelles

Up-scaling investments in energy efficiency and renewables is a major challenge to meet the European Union’s energy targets for 2020. Lack of public resources requires new approaches to investment. Local and regional authorities have a key role to play in mobilising stakeholders, developing a project pipeline and creating the business case for attracting private investment. This shift to innovative financing approaches is supported by the European Union’s Intelligent Energy Europe and Horizon 2020 programmes. 

This conference focused on the detailed presentation of 8 successful projects across Europe, which are developing new ways to set up and finance investments in public buildings, street lighting and housing. Local and regional authorities had the opportunity to learn how to concretely implement similar approaches in their own territories. 


Watch a recording of the entire event here

Photos from the day can be viewed on flickr here

Project presentations and speakers

Presentations can be downloaded HERE

Energy efficiency - Covenant of Mayors (Province of Milan, Italy)

—Sergio Zabot, Politecnico di Milano, former ELENA project director at the Province of Milan

The Province of Milan is assisting municipalities to set up energy performance contracts in building renovation, through joint calls for tender and acting as Central Purchasing Body. So far, € 18 million have been invested and € 20 million more are expected. The major difficulty in the management of tenders and funding by the intermediary banks will be presented and discussed.

ESCOLimburg2020 (Province of Limburg, Belgium)

—Patrick Boucneau, sustainable development coordinator, Province of Limburg, and Dirk Schreurs, Head of RUE, Infrax

ESCOLimburg2020 consists in the development by the public energy grid operator Infrax of an integrated service for the renovation of municipal buildings, from audits to works implementation and finance. This public ESCO service is organized in the context of the implementation of local climate plans (SEAPs) for the Covenant of Mayors. So far, €4 million have been invested and 16 more are expected.

Jessica soft loan scheme in Lithuania

—Junona Bumelyte, Holding Fund Officer, European Investment Bank

European structural funds have been used by Lithuania to set up a soft loan scheme for the renovation of multifamily buildings. 1,000 buildings have already been approved to get a loan, enabling investments of circa €200 million in more than 25,000 apartments, with energy savings of 50% in average. The renovation pipeline is estimated at another €300 million.

OSER (Rhône-Alpes, France)

—Régis POUYET, Project Director, Rhône-Alpes region

The Rhône-Alpes Region has created a public ESCO in order to finance the deep renovation of public buildings in the region. OSER assists local authorities in setting up and financing energy performance contracts which will be run by private ESCOs. So far, €70 million are under preparation.

OxFutures (Oxford, United Kingdom)

—Barbara Hammond, CEO of the Low Carbon Hub

The project is assisting local community groups to set up their own renewable energy plant through share offers to local citizens. It also aims to invest in domestic retrofit and in public buildings energy efficiency, and to create the OxFutures Community Fund which will bring additional resources for community energy projects. So far, €1.7 million have been invested and up to €38 million more are expected.

Posit'If (Ile de France region, France)

—José Lopez, Financial Director at Energies Posit’If

POSIT'IF is a semi-public ESCO set up by the Ile-de-France region to implement deep renovation on private condominiums through energy performance contracting. It provides an integrated solution with technical assistance to condominium associations and the provision of third-party finance in complement to existing funding. So far, €25 million are under preparation and €80 million more are expected for the next two years.

REDIBA (Province of Barcelona, Spain)

è Albert Vendrell Roca, Project officer, Province of Barcelona

The Province of Barcelona is assisting municipalities to set up investments in energy efficiency of street lighting and public buildings, including through energy performance contracts, as well as in biomass district heating systems. Around €100 million have been invested during the 4 years of the project.

RE:FIT (Greater London, UK)

—Tristan Oliver, Technical Team Lead, RE:FIT Programme Delivery Unit

RE:FIT facilitates energy performance contracting to the public sector of the Greater London by providing a Programme Delivery Unit support team, a framework contract with standard documents and procedures. 142 London public sector organisations are now participating in RE:FIT. The programme has so far retrofitted over 350 of London’s public sector buildings, generating investment of €54 million, and aims to retrofit 600 buildings by 2015.



Brussels, Belgium

Organised by: Executive Agency for Small and Medium-sized Enterprises (EASME)

Location details: Husa President Park Hotel, Boulevard du Roi Albert II 44, 1000 Bruxelles

Event website:


Telephone: n/a