A Business Case for EE Investments and Integration of RES in Public Buildings has been elaborated as part of the NEW FINANCE project.
The building sector accounts for nearly 40% of Europe’s final energy consumption and thus energy retrofitting of the existing building stock is widely considered as the action that can ensure the largest portion of carbon savings by 2030. The Business Case publication intends to provide an overview of the current situation of energy retrofit in the NEW FINANCE partner countries, as well showcase available opportunities – both in technical and financial terms – for increasing the energy performance of public buildings.
Lack of dedicated funding is especially relevant for public administrations, whose debt limitations often hamper the energy refurbishment of non-efficient public buildings. Notwithstanding the existence of financial instruments, the use of dedicated loans and innovative mechanisms involving third parties is often hindered by lack of internal know-how to develop and implement such mechanisms without assistance, of standardised procedures, and of a stable and defined national regulatory framework. It is therefore crucial to increase the level of knowledge of public authorities, financial institutions and enterprises, as regards technological, financial and management aspects of energy renovation projects through different types of financing models.
The Business Case is supported by a number of surveys addressed to public building owners, financial institutions and ESCOs that were carried out in the different partner regions, which highlight the main drivers, trends, opportunities, barriers, perceived risks and benefits related innovative financing models for energy retrofit projects in public buildings. The publication also includes different case studies of energy retrofit projects implemented in different types of public buildings through the use of financing models such as Energy Performance Contracting (EPC) and Public-Private-Partnership (PPP).