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Gijón is the first city joining eeef to collaborate on the new eeef Technical Assistance Facility

Ayuntamiento de Gijón is the first public authority that will participate in the new Technical Assistance Facility of the Fund, which has also received funding from the ELENA Facility under Horizon 2020 Programme of the European Union. The objective of the new facility is to support public entities to prepare investment programmes for a sustainable transformation in the areas of energy efficiency (mainly public building renovation and street lighting upgrades) as well as small scale renewable energy. eeef has selected a pool of consultants to work closely with the public authorities during the preparation of energy audits and public tender process. With the full commitment of its Mayoress, City of Gijon has embarked on an ambitious journey to finalise energy audits for 98 public buildings and 40,000 street lighting points, identifying the set of energy efficiency and /or renewable energy related interventions as well as publishing the tendering documentation to launch a €20m investment programme (estimated) in renovation works and preferably selecting an ESCO company to realise the measures within a two year timeframe. eeef will be accompanying the City during the whole process, while  collaborating with the management team proposed by the City side by side.

eeef is confident being the right partner for medium-sized European cities which have the drive and willingness to elaborate and implement investment programmes and as a result offer their citizens a more clean and liveable environment.

eeef is welcoming other European cities to follow suit the case study of Gijón in launching comparable projects – the new eeef Technical Assistance is available for further applications. Please visit: http://www.eeef.eu/eeef-ta-facility.html

City of Gijón is the largest municipality with a population of 270,000 citizens in the community of Austurias in Spain. Since 3 years, the City has been developing its European agenda and positioning itself as ‘Gijón en Europa’ with a number of projects and initiatives at European level.

The European Energy Efficiency Fund (EEEF) S.A., SICAV-SIF is a “societé d’investissement à capital veriable” governed by Luxembourg law and was initiated by the European Commission in cooperation with the European Investment Bank. The initial capitalization provided by the European Commission was increased with contributions from the European Investment Bank, Cassa Depositi e Prestiti as well as the Investment Manager Deutsche Bank.

Further links:
http://www.elcomercio.es/gijon/201705/05/europa-audita-alumbrado-gijon-20170505025812-v.html
http://www.lne.es/gijon/2017/05/05/ayuntamiento-auditara-98-edificios-municipales/2099502.html

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SPL OSER in Région Rhône-Alpes delivered investments facilitated by the Technical Assistance of eeef combining market based funding

Grenoble/Luxembourg – The Société Publique Locale - Opérateur de Services Energétiques Régional of Rhône-Alpes (SPL-OSER, Regional Energy Service Public Company) has successfully ended the Technical Assistance (TA) program funded by the European Commission via the European Energy Efficiency Fund (eeef).

SPL-OSER received financial support for the TA over the first three years of activity, to develop and implement the project structure, run energy audits, legal assistance and cover all related staff-costs.

After one year of start-up phase, SPL-OSER has initiated the renovation program, which at the end of 2015 embraced 10 buildings owned by the municipalities of Bourg-en-Bresse, Cran-Gevrier and Montmélian and by the Région Rhône-Alpes totaling investments for €25.1m.

SPL-OSER demonstrated that each euro spent on TA was able to generate over 22.3 times in long-term investments, with this having met and exceeded the leverage ratio initially required of 1:20. On top of the TA, EEEF directly provided a loan of EUR 5m to finance the projects from the design phase to construction and final commissioning and refinancing. Another remarkable effect of the eeef facility is that local and national financial institutions found the way paved and provided a short- and long-term financing. The global support received via eeef ultimately created the conditions to make the expected savings of CO2 equivalent - 1,000 tons/year - reality.

The initiative highlights an innovative role for a public body, materially acting as project manager specialized on energy efficiency investments for public assets. Another interesting feature is the adopted strategy of blending public and private finance, subsidized facilities with the market tools. The outcome from the financial, legal and operational structure of SPL-OSER is a program finalized on time and on budget, pioneer to others already under development, which attracted new shareholders and created a benchmark for similar upcoming initiatives in other regions of the country.

The SPL was initiated by the Région Rhône-Alpes (France), associated with a number of public authorities in the Region and is dedicated to implement energy efficiency projects for public buildings, including renewable energy production. Any local authority from the Region can become a shareholder and benefit from SPL-OSER services provided that it recognizes the statute and the mission of the company. The program embraces schools and other aging public buildings in the municipalities of the Region. By setting an example of building upgrade, the SPL aims to achieve its 2050 objectives of energy consumption and GHG reduction, while setting a good practice and a benchmark for this sector.

The European Energy Efficiency Fund (EEEF) S.A., SICAV-SIF is a “societé d’investissement à capital variable” governed by Luxembourg law and was initiated by the European Commission in cooperation with the European Investment Bank. The initial capitalization provided by the European Commission was increased with contributions from the sponsors European Investment Bank, Cassa Depositi e Prestiti as well as the Investment Manager Deutsche Bank.

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La SPL OSER réalise ses premiers investissements, soutenus par l’Assistance Technique du FEEE et des financements de marché

Grenoble/Luxembourg – La Société Publique Locale d’Efficacité Energétique – Opérateur de Services Energétiques Régional (SPL OSER) vient de conclure positivement son programme d’Assistance Technique (AT) financé par la Commission Européenne au travers du Fond Européen pour l’Efficacité Energétique (FEEE).

La SPL OSER a en effet bénéficié d’une Assistance Technique sur ses trois premières années d’activité, sous la forme d’un financement des frais de développement et de mise en œuvre du montage contractuel, des audits énergétiques, des honoraires juridiques ainsi que de sa masse salariale.

Après une année de montée en charge, la SPL OSER a démarré son programme de rénovation énergétique, qui porte fin 2015 sur dix bâtiments publics des villes de Bourg-en-Bresse, Cran-Gevrier et Montmélian, ainsi que de la Région Auvergne-Rhône-Alpes, pour un total de 25.1 M€ d’investissement.

Pour chaque euro d’AT reçu, la SPL OSER a ainsi mis en œuvre 22.3 fois ce montant sous forme d’investissements de long terme, dépassant ainsi l’effet de levier attendu initialement de 1 pour 20. Au-delà de l’AT, le FEEE intervient également sous la forme d’un financement de 5 M€ destiné à financer les projets depuis les études jusqu’à leur livraison (date à laquelle ils sont refinancés). Premier préteur, chronologiquement, de la SPL OSER, le FEEE a ainsi notamment ouvert la voie pour les banques locales et les institutionnels qui la financent à court et long terme. Le soutien du FEEE a ainsi contribué à créer les conditions nécessaires pour faire des 1 000 tonnes/an d’économie d’équivalent CO2 une réalité.

Le montage employé met en lumière un rôle innovant pour une société publique, en tant que maître d’ouvrage spécialisé sur la rénovation énergétique de bâtiments publics. Une autre caractéristique notable consiste en la combinaison de différentes sources de financements : subventions, prêts bonifiés et prêts de marché. Le résultat de cette structure juridico-financière et opérationnelle, ce sont des projets livrés dans les délais et dans le budget ; permettant à leur tour d’attirer de nouveaux projets, de nouveaux actionnaires, et de diffuser ces retours d’expérience aux structures similaires des autres régions.

 

La SPL OSER a été créée à l’initiative de la Région Rhône Alpes, associée à 10 autres collectivités, et est dédiée à la rénovation énergétique de bâtiments publics, incluant le cas échéant la production d’énergies renouvelables. Toute collectivité de la région peut demander à entrer dans la SPL en souscrivant à son capital et bénéficier ainsi de ses compétences. Le portefeuille porte sur des bâtiments d’éducation ainsi que sur d’autres bâtiments publics vieillissants des collectivités de la Région. La SPL OSER contribue ainsi à l’atteinte de l’objectif de réduction des consommations d’énergie et de gaz à effet de serre pour 2050, en propageant les meilleures pratiques et des références au secteur du bâtiment, mais également par un effet d’exemplarité.

Le Fonds Européen pour l’Efficacité Energétique (FEEE) est une société d’investissement à capital variable (SICAV SIF) de droit luxembourgeois créée sur l’initiative de la Commission Européenne avec la coopération de la Banque Européenne d’Investissement. Son capital initial apporté par la Commission Européenne s’est vu augmenté par les apports de la Banque Européenne d’Investissement, Cassa Depositi et Prestiti ainsi que son gérant la Deutsche Bank.

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Advancing Sustainable Energy for Europe

The European Energy Efficiency Fund (eeef) is an innovative public-private partnership dedicated to mitigating climate change through energy efficiency measures and the use of renewable energy in the member states of the European Union.

It focuses on financing energy efficiency, small-scale renewable energy, and clean urban transport projects (at market rates) targeting municipal, local and regional authorities and public and private entities acting on behalf of those authorities.

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greenstemTM

Street Lighting Project
(Venlo, the Netherlands)

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