Resource: Review of existing financing products/mechanisms for RE and EE Technologies Applications
Name of organisation: IEE project "Fina-RET" reviewed by FINABITA (I)
Type of ressource: analysis/ technical report
Addressed users:
- building user (social housing organization)
- building owner
- project manager
Language:
- English
Process stage:
- national/ regional strategy development
- organisational strategy development
Weblink: www.finaret.eu.
Description
FINA-RET intends to identify and package financing products for small scale investments dealing with Renewable Energy Technologies (RET) and Energy Efficiency Technologies (EET). It is a global approach targeting small and medium sized end users (residential, commercial, agricultural and small industrial) dealing or affected by these investments.
The scope of the “Review of Available Financing Mechanisms for Supporting Investments on Small-scale RE & EE Technologies Application” is to present the results of the review implemented on available Financing Mechanisms for supporting investments on RE and EE Technologies applications.
This report aims at identifying and analyzing in a systematic way past and on going experience on development and implementation of financing measures and mechanisms for investments on renewable and energy efficiency technologies.
The review involves measures and products developed at a national, European and international level. The analysis that has been performed on the above mentioned financing mechanisms, provides information on the technology applications each mechanism is addressed to, the stakeholder groups considered, the problems, bottlenecks and success-factors for its implementation and its impact. The outcome of the analysis provided an assessment of the current situation on financing issues for RE and EE technologies applications in EU and worldwide.
The first analysis of the data collected reveal a high variability in the characteristics of the financial markets under review. Variability applies both to financing tools available (typology and technical features) and to the nature of the main providers acting in each country (public/private).
As a major outcome it can be said that mature, sound and specialized financial markets reveal to be able to increase the diffusion of RET and EET, through the offer of more complex financing products built on public supporting initiatives. The latter proved to be able to give rise to mutually reinforcing synergies for the diffusion of RET/EET applications.
On the basis of the analysis of the data collected, Fina-RET distilled 7 recommendations for the development of financing products specifically tailored for the RET/EET investments.
Implementation
Thanks to the dissemination activities performed, the review of existing dedicated financial mechanisms for RET/EET investments is currently taken as a reference to design retrofitting programmes for existing public buildings in Italy and to enlarge the area of financially viable RET/EET investments.
Information
Please find all project’s deliverables and other relevant information on the project and on investments in RET/EET at www.finaret.eu.