EU project for building renovation: Renovation of 1,5 million m2, 340 million euros investment and 160 GWh of energy savings per year

The buildings in the EU account for around 40 percent of energy consumption and 36 percent of CO2 emissions. Therefore, it is also a stated goal of the EU to reduce the CO2 emissions of the building sector by about 90 percent. "Thermal renovation plays a key role in significantly reducing the energy consumption of buildings in Europe. This also achieves a reduction in CO2 emissions, as most of the energy used today comes from fossil fuels such as oil or coal. However, more refurbished and energy-efficient buildings also mean an improvement in the quality of life for thousands of citizens in Central and Eastern Europe, "explains Andreas Hirtl, who represents the Austrian Energy Agency at FinEERGo-Dom. The project is funded by the EU under the Horizon 2020 program. The Austrian Energy Agency implements FinEERGo-Dom, launched in June 2019, together with nine partner organizations from six countries (Poland, Latvia, Bulgaria, Netherlands, Romania and Slovakia).

Target: 340 million euros investment, 1.5 million m2 renovated, saving 160 GWh of energy per year

"FinEERGo-Dom is developing a financing mechanism that will allow large investments in building renovation," says Hirtl. "The aim is to mobilize 340 million euros of investment in participating countries over the next four years, to renovate 1.5 million m2 and thus save 160 GWh of energy per year," Hirtl continued. The planned savings thus meet the electricity needs of around 45,700 households.
The potential for energy savings and renewable energy is particularly high in Eastern Europe, where no energy efficiency standards were required in buildings built before the 1990s. In addition, 70 to 90 percent of the buildings have to be renovated due to the lack of maintenance.

Building on the experience gained in Latvia in launching a financing system (LABEEF), the FinEERGo-Dom team will introduce or improve so-called guaranteed funding mechanisms for energy efficiency and renewable energy in thermal renovation of buildings in several EU Member States. The core instrument here is the online platform SHAREX. It is designed to track every transaction from initial idea to finalization, while ensuring the highest levels of legal and financial security and transparency. Dialogue with different stakeholders, policy makers and parties using the funding mechanism plays an essential role in meeting their respective interests and needs.

At the EU level, the importance of buildings under the general energy efficiency strategy is emphasized: the Energy Performance of Buildings Directive (EPBD, 2010/31 / EU and its amendment to EU Directive 2018/844 / EU) underlines the role model function of public buildings , It requires the integration of a rehabilitation strategy into the National Energy Efficiency Action Plans (NEEAPs) (EPBD, 2018/844 / EU Article 2a). EU Member States need to establish long-term renovation strategies that are updated every three years to support the renovation of the national building stock, including residential and non-residential buildings.

About FinEERGo-Dom

FinEERGo-Dom will develop a financing mechanism that will allow major investments in building renovation in several EU countries. This will trigger € 340 million in investment, renovate 1.5 million m2 and save 160 GWh of energy per year. The Austrian Energy Agency is a partner in this four-year project, which is funded by the EU under the Horizon 2020 program.

Contact FinEERGo-Dom

DI Andreas Hirtl, BSc
Austrian Energy Agency - Austrian Energy Agency
Tel .: +43 (0) 1-586 15 24

Project Dates
ClientHorizon 2020
Project ManagerDI Andreas Hirtl, BSc
Project TeamDI Naghmeh Altmann-Mavaddat, MSc
DI (FH) Nicole Hartl
Project PartnerKAPE (Polen)
Nationaler Fonds fürUmweltschutz und Wasserwirtschaft (Polen)
ESEB (Lettland)
Econoler (Bulgarien)
Österreichische Energieagentur (Österreich)
Funding for Future (Niederlande)
Mattig Management Partners (Slowakei und Rumänien)
Stage AI (Bulgarien)