Experiences with the KfW program Energy Efficient Renewal of Urban Areas

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1 Experiences with the KfW program Energy Efficient Renewal of Urban Areas Integrated Concepts for Urban Areas Conference Vilnius, 24/25 September 2015 Dr. Kay Pöhler Vice President Product Management Infrastructure KfW Bank aus Verantwortung Part I: the municipality s perspective

2 Agenda 1 Energy Efficient Renewal of Urban Areas - Facts and Figures 2 The Application Process 3 First Experiences and Conclusion 2

3 KfW Bankengruppe More than 60 years of KfW - Financing with a public mission Promotional bank of the Federal Republic of Germany Founded in 1948 as Kreditanstalt für Wiederaufbau to finance reconstruction after World War II Shareholders: 80% Federal Republic, 20% federal states Headquarters: Frankfurt am Main Branches: Berlin and Bonn around 70 offices and representations worldwide Financing volume (2014): EUR 74.1 billion Employees: Best rating: AAA/Aaa/AAA Refinancing: 90% capital market 3

4 Overlooking the Big Picture Focussing on energy efficient renewal of urban areas Refurbishment of Buildings Urban Planning and Construction Energy Supply Systems Real Estate Industry Renewable Energies Demographic Change Basis: Energy concept of the German Government (2010) Targets of a KfW program: initiate broad und locally adjusted investments in energy efficiency and renewable energies ( ) Neighborhood approach for energy efficient urban renewal renovation is explicitly emphasized and corroborated in the governmental action program climate protection 2020 (Federal Ministry for the Environment and Building, 2014) 4

5 Energy efficient renewal of urban areas - Grant Some general program facts Beneficiaries Municipalities (direct) Other urban protagonists, particularly municipallyowned companies, housing companies, private building owners (indirectly via the municipality) Application Entitlement Municipalities only Designated Use Non-investive measures for Energy efficient renewal of urban areas: A. Conceptualization: max. 65 % of the costs (no ceiling); promotional period: 1 year B. Refurbishment Management: max. 65 % of the (personal-)costs; max EUR over 3 years 5

6 1 Investment scope of energy efficient renewal Further utilization of KfW promotional programs Private owners and housing companies Municipalities and municipally-owned companies 151/152 Energy-Efficient Building Refurbishment (loan) 218/219 Energy-Efficient Building Refurbishment (loan) Promotion of urban development 431 Construction Support 151/152 Energy-Efficient Building Refurbishment (grant) School Town hall 201/202 Efficient Supply in Urban Quarters (loan) Energy-Efficient Energy Supply (loan) Initiatives of the Government, states and local authorities 153 Energy-Efficient Building Construction (loan) 432 Integrated Neighborhood Concept and Implementation Manager (grant) Programs of the European Union 6

7 1 Energy Efficient Renewal of Urban Areas - Grant Commitment distribution by states per 30 June 2015 Since program implementation: 532 commitments worth 30 Mio. EUR Average commitment volume: 55 TEUR 454 (85 %) Integrated neighborhood concept, 77 (15 %) Implementation manager Regional focus: Baden-Wuerttemberg, Saxony, Lower Saxony Key Factors: Dedicated municipal authorities Support from regional authorities Qualified consultant infrastructure (urban planners, energy experts) Approval volume (in %) Number of approvals (in %) Effective: Source: KfW 7

8 2 Application Process How to profit from KfW s grant program (concept phase) Application Approvement and Commitment Concept Creation Utilization Proof Approvement Disbursement Application formular Signed by representative of municipality Executive Summary of the project according program requirements usually 3-4 weeks about 12 months can last longer in case of tender and procurement 18 months after Commitment Formular Energetic concept Statement of costs Concept: Program requirements fulfilled? Plausibility check Cost check Greenhouse gas reduction, energy savings usually 3-4 weeks after receipt of utilization proof formular Cost estimate Municipality 8

9 2 Application Process How to profit from KfW s grant program (refurbishment management phase) Application Approvement and Commitment Refurbishment Management* Utilization Proof Approvement Final Disbursement Application formular Signed by representative of municipality Integrated energy concept Skill requirements Letter of intent Cost estimate usually 1-2 weeks about 36 months can last longer in case of tender and procurement 42 months after commitment Formular Statement of costs Green house gas reduction, energy savings * During Refurbishment Management Phase: Disbursement in ½ year steps (in arrear) Municipality 9

10 3 First Experiences in Germany with the KfW Program Municipalities play the key role in the process (initiator, coordinator, investor) Municipalities need perseverance (~ 4-5 years) Intensive communication is a success factor to keep the engine running between various stakeholders on the neighborhood level between municipalities, government and grant provider (Germany: KfW) 10

11 3 Conclusion Integrated energy concepts for urban areas are an ambitious approach to set incentives for an energy tournaround (raise high potentials of energy efficiency and energy savings and path the way for renewable energies) Grants for concepts and refurbishment managers offers an opportunity to develop tailor-made solutions for different requirements of urban areas Approach can help to build sustainable structures (municipalities, experts in managing integrated energy concepts, promotional institutions) 11

12 Thank you for your attention! Dr. Kay Pöhler Vice President Product Management Infrastructure KfW Charlottenstraße 33/33a Berlin Phone: Fax:

13 2 Energetic Urban Rehabilitation - Grant Commitment distribution by applicants per 31 March 2015 One of six grants is transferred to a third party within the quarter! Municipalities Real Estate Industry Municipal Utilities Private Owner Initiatives Source: KfW 13

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