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Driving Investment in Energy Efficiency through Energy Savings Insurance in Europe

Objective

This proposal aims to replicate the successful Energy Savings Insurance (ESI) model in the three highest potential countries in Europe – Italy, Portugal and Spain, train key market stakeholders, and deliver an ESI Europe Toolkit alongside a long-term business model to enable the broader roll out of the ESI Europe model in other European countries.

The ESI model, developed by Stiftung BASE, consists of financial and non-financial mechanisms designed to work together to improve the risk-return profile of EE investments and overcome the associated barriers. The ESI model targets small and medium-sized enterprises (SMEs) and creates the conditions for them to upgrade specific old inefficient technologies to new EE technologies. The ESI model presents a proven and unique market based approach that makes use of distribution channels and products that are already available on the market. The ESI model has been successfully implemented in Colombia and Mexico, and is currently being developed or planned in a further ten countries in Latin America and Asia. ESI has been recognized as one of the most promising instruments to mobilize private sector investments in EE.

This proposal brings together a consortium of key players needed to implement the model in the three target countries, to distribute the outcomes and ESI Europe Toolkit across Europe, and to ensure sustainability and further outreach of outcomes.

The expected impacts include (i) to have trained and increased capacity of 1,665 stakeholders after lifetime of the project; (ii) to have mobilised between €978.6m and €1,711m private investment in EE projects within six years of project start; and (iii) to generate corresponding primary energy savings of between 1,582 and 2,766 GWh/year after six years of project start.
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Coordinator

STIFTUNG BASE (BASEL AGENCY FOR SUSTAINABLE ENERGY)

Address

Elisabethenstrasse 22
4051 Basel

Switzerland

Activity type

Other

EU Contribution

€ 1 381 090

Participants (3)

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FEDERAZIONE ITALIANA PER L'USO RAZIONALE DELL'ENERGIA

Italy

EU Contribution

€ 348 177,50

CONSELHO EMPRESARIAL PARA O DESENVOLVIMENTO SUSTENTAVEL

Portugal

EU Contribution

€ 255 377,50

FUNDACION CENTRO TECNOLOXICO DE EFICIENCIA E SOSTENIBILIDADE ENERXETICA

Spain

EU Contribution

€ 274 276,25

Project information

Grant agreement ID: 785061

Status

Ongoing project

  • Start date

    1 February 2018

  • End date

    31 January 2021

Funded under:

H2020-EU.3.3.7.

H2020-EU.3.3.1.

  • Overall budget:

    € 2 258 921,25

  • EU contribution

    € 2 258 921,25

Coordinated by:

STIFTUNG BASE (BASEL AGENCY FOR SUSTAINABLE ENERGY)

Switzerland