Stimulating eco-sustainable home renovation to maximize social, environmental and economic impact on the Balearic Islands

Información del proyecto

REGENERATE

Identificador del acuerdo de subvención: 101025164

DOI

10.3030/101025164

Proyecto cerrado

Fecha de la firma de la CE 3 Mayo 2021

Fecha de inicio 1 Junio 2021

Fecha de finalización 31 Mayo 2025

Financiado con arreglo a

• SOCIETAL CHALLENGES - Secure, clean and efficient energy

Coste total

€ 1 867 181,35

Aportación de la UE

€ 1 867 181,35

Coordinado por

GLOBAL NEW ENERGY FINANCE SL
Spain

Periodic Reporting for period 1 - REGENERATE (Stimulating eco-sustainable home renovation to maximize social, environmental and economic impact on the Balearic Islands)

Período documentado: 2021-06-01 hasta 2022-11-30

Resumen del contexto y de los objetivos generales del proyecto

REGENERATE galvanizes clean energy transition on the three Balearic Islands of Palma, Menorca, and Ibiza by triggering an investment of €44M in eco-sustainable renovation of 3,000+ homes. 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 REGENERATE formula combines a market-driven, people-centric support with affordable financing and employs local One-Stop-Shop offices. Stimulating bottom-up demand is at the core of this approach; REGENRATE builds upon existing customer engagement infrastructure and practices on the islands. The impact goes well beyond energy savings and CO2 emission reduction by creating jobs, boosting health, wellbeing, and comfort.

Trabajo realizado desde el comienzo del proyecto hasta el final del período abarcado por el informe y los principales resultados hasta la fecha

During the first 18 months of the project the work has been mainly focused on the design and set-up of the OSSon the Balearic Islands, including their business models and the IT tools to be used. There's been a delay in the project implementation due to legal and administrative issues faced by the partners of Palma deMallorca and Ibiza that have impacted the overall work plan of the project. Nevertheless important developments have been achieved in terms of the design of the OSS and the demand assessment report.

Avances que van más allá del estado de la técnica e impacto potencial esperado (incluida la repercusión socioeconómica y las implicaciones sociales más amplias del proyecto hasta la fecha)

The REGENERATE Partners have developed a practical and realistic pipeline of residential buildings that are eligible for sustainable renovation, taking into account several factors that ensure the highest possible level of achieved energy savings and decarbonization of the built environment on Menorca, Palma de Mallorca and Ibiza. Building upon lessons learned from the innovative EuroPACE project, REGENERATE seeks to leverage a pipeline of 44M EUR through a combination of holistic technical assistance and tailored financial support and achieve a total of 5M EUR in energy savings and almost 40GWh/year in terms of primary energy savings throughout the project's duration.

REGENERATE also contributes to local economic development on the islands, fostering job creation and a re-start of the economy after being thoroughly affected by the COVID-19 crisis. The importance of this cannot be understated, given that the islands' economy has been heavily dependent on tourism.

Additionally, the project contributes to the Sustainable Development Goals (SDGs) 7 - Affordable and Clean Energy, 8 - Decent Work and Economic Growth, 11 - Sustainable Cities and Communities and 13 - Climate Action.

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