Skip to main content

Save your bUildiNg by SavINg Energy. Begin to move more quickly

Objective

In the Covenant of Mayors signatories commit to a Sustainable Energy and Climate Action Plan. However, often municipalities lack capacity to turn their plans into actions; and the residential sector is often left behind and deep renovations not implemented.
Realizing this potential requires designing, financing and implementing complex energy efficiency investments. Practice shows that small and medium municipalities are inadequately organized to manage and finance this process. At the same time individual owners in the residential sector are inadequately organized to manage their collective property.
Accelerate SUNShINE supports Energy Performance Contracting (EPC), with a pipeline of projects worth €27m and guaranteed savings over 27GWh/year. A major objective is to demonstrate the financial viability of deep renovation via suitable project bundling, municipal partnerships and financial engineering.
In the proposed approach four municipalities works together in a shared project management unit, composed by experts covering technical, socio-economic, legal and financial advisory. This unit deals with project development and process standardization. In each municipality public buildings are bundled for Energy Performance contracting based procurement. At the same time each municipality establish a support scheme for the deep renovation of multifamily residential buildings always based on Energy Performance contracting and continuing the effort made by SUNShINE.
As most ESCOs have limited balance sheet capacity, re-financing is usually achieved by selling future receivables by a forfaiting transaction. Accelerate SUNShINE supports this solution, further rolling out the Latvian Baltic Energy Efficiency Facility, which is an investment fund with a single purpose: forfaiting receivables from EPC. Here process standardization is very important for attracting private and institutional investors.

Call for proposal

H2020-EE-2016-2017

See other projects for this call

Sub call

H2020-EE-2016-CSA

Coordinator

RIGAS TEHNISKA UNIVERSITATE
Net EU contribution
€ 198 106,25
Address
Kalku Iela 1
LV-1050 Riga
Latvia

See on map

Region
Latvija Latvija Rīga
Activity type
Higher or Secondary Education Establishments
Non-EU contribution
€ 0,00

Participants (7)

EKODOMA
Latvia
Net EU contribution
€ 211 730,00
Address
3-3 Noliktavas Street
LV-1010 Riga

See on map

SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Latvija Latvija Rīga
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Non-EU contribution
€ 0,00
EKU SAGLABASANAS UN ENERGOTAUPIBAS BIROJS
Latvia
Net EU contribution
€ 196 995,00
Address
Aleksandra Caka Iela 52-37
1011 Riga

See on map

Region
Latvija Latvija Rīga
Activity type
Other
Non-EU contribution
€ 0,00
FUNDING FOR FUTURE BV
Netherlands
Net EU contribution
€ 312 468,75
Address
Stetweg 43 B
1901 JD Castricum

See on map

SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
West-Nederland Noord-Holland IJmond
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Non-EU contribution
€ 0,00
ADAZU NOVADA DOME
Latvia
Net EU contribution
€ 128 465,00
Address
Gaujas 33a
2164 Adazi

See on map

Region
Latvija Latvija Pierīga
Activity type
Public bodies (excluding Research Organisations and Secondary or Higher Education Establishments)
Non-EU contribution
€ 0,00
JURMALAS PILSETAS DOME
Latvia
Net EU contribution
€ 188 935,00
Address
Jomas Iela 1/5
2015 Jurmala

See on map

Region
Latvija Latvija Pierīga
Activity type
Public bodies (excluding Research Organisations and Secondary or Higher Education Establishments)
Non-EU contribution
€ 0,00
TUKUMA NOVADA PASVALDIBA
Latvia
Net EU contribution
€ 185 035,00
Address
Talsu Iela 4
3101 Tukuma

See on map

Activity type
Public bodies (excluding Research Organisations and Secondary or Higher Education Establishments)
Non-EU contribution
€ 0,00
BAUSKAS NOVADA ADMINISTRACIJA
Latvia
Net EU contribution
€ 155 405,00
Address
Uzvaras Iela 1
3901 Bauska

See on map

Region
Latvija Latvija Rīga
Activity type
Public bodies (excluding Research Organisations and Secondary or Higher Education Establishments)
Non-EU contribution
€ 0,00