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Originating Retrofits Financing for Energy Efficiency

Project information

Grant agreement ID: 894478

Status

Ongoing project

  • Start date

    1 June 2020

  • End date

    31 May 2024

Funded under:

H2020-EU.3.3.7.

H2020-EU.3.3.1.

  • Overall budget:

    € 2 035 130

  • EU contribution

    € 2 035 128,25

Coordinated by:

ENERGIES DEMAIN

France

Objective

"This project aims to structure a shared resource platform for third-party financing companies (Sociétés de Tiers-Financement - STF): the Office of Renovations and Financings for Energy Efficiency (ORFEE).

The ORFEE will be a resource center to consolidate the business model of STFs: to pool their developments and coordinate their operational processes, to reduce their costs, to centralize findings and better disseminate them, etc.

ORFEE aims to define a corpus of conformity and quality of the renovations, ranging from the orientation of households towards renovation programs adapted to their needs and energy efficiency objectives, until the completion of the works and the follow-up of consumption, as well as issuing quality guarantees for the owners. This operational guarantee would cover, in case of poor performance, the resumption of work. ORFEE should rely on best practices in Europe and North America, to structure and size the guarantee fund and to strengthen operational support to STF.

It should also be based on a dialogue with banks that want to attribute energy and environmental labels to the financing of renovations.

The design of ORFEE must also allow the STF to strengthen their financial structure: ORFEE will help STF to structure the dialogue they have to build with the EIB and financial investors with a view to improve their funding.

Loans granted by the STF to households would be transferred without recourse to a special purpose vehicle The objective is twofold: to remove from their assets the receivables of STF on households and multi-property buildings to master the size of their balance sheet and optimize their equity, and secondly, to feed investors with securities issued by the SPV, complying with the ""GREENFIN"" label implemented in France - or other equivalent labels in Europe.

ORFEE consortium is formed with STF which are already operative and consulting firms bringing their expertise."

Programme(s)

H2020-EU.3.3.7. - Market uptake of energy innovation - building on Intelligent Energy Europe

H2020-EU.3.3.1. - Reducing energy consumption and carbon foorpint by smart and sustainable use

Topic(s)

LC-SC3-EE-11-2018-2019-2020 - Aggregation - Project Development Assistance

Call for proposal

H2020-LC-SC3-EE-2019

See other projects for this call

Funding Scheme

CSA - Coordination and support action

Coordinator

ENERGIES DEMAIN

Address

8 Rue Martel
75010 Paris

France

Activity type

Private for-profit entities (excluding Higher or Secondary Education Establishments)

EU Contribution

€ 692 272,50

Contact the organisation

Participants (10)

ENERGY CITIES/ENERGIE-CITES ASSOCIATION

France

EU Contribution

€ 137 012,50

AGENCE REGIONALE POUR LES TRAVAUX D' ECONOMIES D'ENERGIE

France

EU Contribution

€ 121 936

GLOBAL NEW ENERGY FINANCE SL

Spain

EU Contribution

€ 271 737,50

SEML OKTAVE

France

EU Contribution

€ 102 144

REGIE REGIONALE DU SERVICE PUBLIC DE L'EFFICACITE ENERGETIQUE

France

EU Contribution

€ 128 812

SEM ILE DE FRANCE ENERGIES

France

EU Contribution

€ 80 405

LATOURNERIE WOLFROM AVOCATS

France

EU Contribution

€ 114 520

POUGET CONSULTANTS

France

EU Contribution

€ 189 348,75

COLLECTIF EFFINERGIE ASSOCIATION

France

EU Contribution

€ 128 740

MARSH SAS

France

EU Contribution

€ 68 200

Project information

Grant agreement ID: 894478

Status

Ongoing project

  • Start date

    1 June 2020

  • End date

    31 May 2024

Funded under:

H2020-EU.3.3.7.

H2020-EU.3.3.1.

  • Overall budget:

    € 2 035 130

  • EU contribution

    € 2 035 128,25

Coordinated by:

ENERGIES DEMAIN

France

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Last update: 8 May 2020

Record number: 229597