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eeef Annual Report 2013

University Hospital S. Orsola Malpighi Project Profile The project entity Progetto ISOM signed a concession agreement with the University Hospital S. Orsola Malpighi. The concessionaire, the university hospital, is one of the biggest Italian hospitals, equipped with around 5,300 employees and 1,700 beds. Initiatives are planned to raise the energy efficiency of the entire fluids production and dis- tribution system and reduce energy consumpti- on. Such measures include adoption of energy efficient equipment such as centrifugal chillers and absorbers, reconstruction of heat distributi- on networks, renovation of heat exchange subs- tations and inclusion of a tri-generation plant for the combined production of cooling, heat and power (CCHP) sized on the energy consumption of the hospital facility which is fuelled by metha- ne gas. The new technological centre for high-efficiency energy production and distribution will achieve a reduction of CO2 emissions by approx. 31% compared to the baseline. Project Highlights This upgrade of the entire energy system of the university hospital has been the largest energy efficiency upgrade in Italy under a Public-Private Partnership (PPP) framework so far. Furthermore, the recently introduced bond structure in Italy was applied in this project, qualifying its legal structure to be nominated for an International Financial Law Review Award. For local public healthcare, it is a significant step forward, as the university hospital is one of the biggest hospitals, making it a role model for other hospitals around the country. It is a lighthouse project which demonstrates the positive impact of energy efficiency measures in public buildings which have to be run 24/7, thus improving the underlying conditions for providing healthcare services to citizens of the Emilia-Romagna region. Key figures Country Italy Sector Energy efficiency – upgrade of entire energy system Type of investment Senior funds Total project size (¤ m) 41 eeef investment size (€ m) 31.8 Financial Close 08 May 2013 Maturity 20 years Expected CO2 emission savings (tonnes p.a.) 15,158 Bologna 16 eeef Annual Report 2013