Key Objective (KO): Create enabling conditions, to attract and facilitate participation of market stakeholders in the process of EE renovation of in the residential sector - owners, business and financial sector.
1) The project established a new entity in renovation processes – the specialised intermediary - a business partnership between a Professional House Manager and a Company registered as an energy efficiency service provider, which jointly can provide the required seamless services for energy efficiency renovation.
2) Attracting and facilitating the inclusion of homeowners was done through carrying out Open Days in the 8 participating district municipalities in 2021 and 2022.
3) Commercial banks and financial institutions were involved in the process of developing the MVP and as a result the Bulgarian Development Bank joined the project as an associated partner, acknowledging the value of the developed approach in bringing a market-based EE renovation financing in Bulgaria.
KO: Identify European best practices, with focus on applicability to establish a sustainable market based Bulgarian model
1) Identified multiple good European practices. The most suitable were selected and further tailored to fit the Bulgarian environment. In the end conditions for transfer of good European practices and relevant knowhow into Bulgaria were created.
KO: Development of a concept for a new financing model. The comprehensive financing model will include: (a conditional) grant part, MVP of a financial product for loans to Condominiums and Targeted support from municipality.
1) The concept of the new financing model was elaborated as a combination of lessons from the identified best practices, the expertise of the international partners and the specifics of the Bulgarian EE sector. The concept was developed with all relevant stakeholder groups on board. Based on the work under the project, it was confirmed without a doubt, that from the discussed and deemed as possible financial models to support the renovation of multifamily residential buildings in Bulgaria, the final three-component approach of SHEERenov is the most applicable and versatile: grants, self-participation supported by a financial mechanism and additional assistance for socially vulnerable owners. In summary, the multiplier potential of the model is identified as a basis for a large-scale renovation process of multi-family residential buildings in Bulgaria.
KO: Support for the development of local renovation policies in the residential sector
1) Local authorities’ capacity was improved in line with their foreseen new role in the process or home renovation and as a part of the comprehensive support for homeowners. Under the NRRP municipalities will be again a key factor the successful implementation of EE renovation projects on local level. Motivated and trained experts are vital for the organisation of the renovation process on local level.
KO: Developing of a of pipeline for renovation of MFB for energy efficiency
1) The selected buildings were later supported with the provision of EE services on the spot. While acknowledging the fact that the availability of a pipeline of buildings ready to apply for financing is a key factor for accelerating the rate of EE renovation, the lessons learnt from the SHEERenov implementation have confirmed that the process of developing the pipeline is time consuming and requires a tailored approach.
