Project description
A green facelift for homes on Balearic islands
The Balearic islands of Mallorca, Ibiza and Menorca are set to embark on a clean energy journey with the planned eco-sustainable renovation of more than 3 000 homes. All three islands are vulnerable to climate change and are highly dependent on fossil fuels. The trio are under pressure to green their tourism-dependent economy. In this context, the EU-funded REGENERATE project will undertake the renovations, combining market-driven, people-centric support with affordable financing, via local one-stop-shop renovation offices on each island. Stimulating bottom-up demand will be at the core of its pipeline approach. The project’s overall impact is envisioned to transcend energy savings and also improve health and well-being.
Objective
REGENERATE galvanizes clean energy transition on the three Balearic Islands: Palma, Ibiza and Menorca by triggering an investment of 44M in eco-sustainable renovation of 3,000+ homes in 4 years. The Islands have an urgent need to transform their tourism-dependent economy into a resilient and green one, as they are especially vulnerable to climate change and are highly dependent on fossil fuels. The REGENERATEs renovation formula combines a market-driven, people-centric support with affordable financing, via in local One-Stop-Shop renovation offices on each island. REGENERATEs pipeline approach is grounded in the realities of the islands building stock, defined energy efficiency & renewable energy upgrades, residents ability and willingness to pay. Thus, a realistic assessment of the pipeline supports the design of a self-sustainable business model for the OSS offices and enables the financing instrument to raise private capital to invest in individual home renovation projects. Stimulating bottom-up demand is at the core of this approach; REGENERATE will build upon the existing citizen engagement strategies on the islands and enhance their reach and scope. The impact goes well beyond energy savings, by boosting health, wellbeing and comfort of families, resulting in the reduction of more than 25,727 tCO2-eq/year and creating more than 4,000 jobs, 5 years after the project is completed.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
This project's classification has been validated by the project's team.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
This project's classification has been validated by the project's team.
- engineering and technology environmental engineering energy and fuels renewable energy
- social sciences economics and business business and management business models
- social sciences political sciences political policies civil society
- engineering and technology civil engineering architecture engineering sustainable architecture sustainable building
Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.3.3. - SOCIETAL CHALLENGES - Secure, clean and efficient energy
MAIN PROGRAMME
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H2020-EU.3.3.7. - Market uptake of energy innovation - building on Intelligent Energy Europe
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H2020-EU.3.3.1. - Reducing energy consumption and carbon foorpint by smart and sustainable use
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
CSA - Coordination and support action
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-LC-SC3-2018-2019-2020
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
08329 ALELLA
Spain
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.