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Novel PDA Methodology to energize Public and Private European Energy Efficiency Projects

Objective

Many projects of high energy savings potential, both in the private and public sectors, have been identified by building owners, local energy agencies and ESCOs. However, a large number of them consistently fails to reach implementation stage, as they collide with two main barriers:

1) lack of scale to attract professional investors in this project type and/or
2) restrictive Public Procurement procedures that are expensive to prepare and adapt to each project case.
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BundleUP will develop a “Ponto Energia”, will bundle projects according to specific characteristics (investment size, technology, geography) using the currently available framework and consolidated procurement procedures to provide projects with scale, improve bankability, investor-trust and result in a faster time-to-market. The action aims at developing at least 58 Portuguese sustainable energy projects with total estimated investments of EUR 49,9m. These projects will trigger around 155 GWh/year of primary energy savings and generate 3,1 GWh/year of renewable energy.
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Innovative approaches will be implemented concerning financing models and sources. BundleUP will strongly focus on energy savings projects, including renewable energy self-consumption. The project will make use of existing and innovative financing instruments, combine them with institutional investors (such as investment funds or ESCOs) while stimulating the engagement of citizens and local communities by using crowdfunding and cooperative business models to share the benefits of sustainable energy investment.
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By placing Portuguese local and regional energy agencies in a central role, with regard to potential project identification, dissemination and relation with local authorities, companies and stakeholders, BundleUP will put in practice the Energy Agencies’ objective of “acting as an intermediary between the local authority and local players in the energy market.” Moreover, BundleUP will promote the replication of the developed methodology and business-models with knowledge transfer workshops aimed at sharing the knowledge gathered during the project at EU level.

Coordinator

POWER PARITY LDA

Address

Praca Duque Da Terceira, N 24, 4 Andar, Sala 24
1200 161 Lisboa

Portugal

Activity type

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

EU Contribution

€ 297 250

Participants (7)

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AGENCIA DE ENERGIA E AMBIENTE DA ARRABIDA

Portugal

EU Contribution

€ 81 875

CASCAIS PROXIMA - GESTAO DE MOBILIDADE, ESPACOS URBANOS E ENERGIAS, EMSA

Portugal

EU Contribution

€ 81 875

AGENCIA MUNICIPAL DE ENERGIA DE ALMADA

Portugal

EU Contribution

€ 81 875

ADEPORTO - AGÊNCIA DE ENERGIA DO PORTO

Portugal

EU Contribution

€ 81 875

ENERGAIA - AGENCIA DE ENERGIA DO SUL DA REA METROPOLITANA DO PORTO

Portugal

EU Contribution

€ 81 875

SOCIEDADE REBELO DE SOUSA & ADVOGADOS ASSOCIADOS RL

Portugal

EU Contribution

€ 163 750

QB LDA

Portugal

EU Contribution

€ 129 062,50

Project information

Grant agreement ID: 785091

Status

Ongoing project

  • Start date

    1 May 2018

  • End date

    30 April 2021

Funded under:

H2020-EU.3.3.7.

H2020-EU.3.3.1.

  • Overall budget:

    € 999 437,50

  • EU contribution

    € 999 437,50

Coordinated by:

POWER PARITY LDA

Portugal