Fabio Travagliati European Policies and Managing Authority ERDF and ESF Marche Region

Transcription

1 MARTE project Marche Region Technical assistance for healthcare buildings Energy retrofit IEE/13/465 Energy Fund: Working group and first steps Fabio Travagliati European Policies and Managing Authority ERDF and ESF Marche Region Kick-off- Meeting 19 th March 2014, Ancona

2 Summary of the Presentation Marche Region financial framework ERDF and ESF 2014/ Financial Instruments (FIs) Marche Funding priorities Guidelines to set up the Energy Fund Set up the working group

3 Marche Region financial framework ERDF and ESF 2014/2020 ERDF + ESF 2007/ (UE share) = 225 meuro (ERDF ESF 111) ERDF + ESF 2014/ (UE share) = 330 meuro National co-financing equal to 50% (35% + State Region 15%), in total 636 meuro (+11-12%)

4 Financial Instruments (FIs) Implementation Opportunities Implementation of Financial Instruments (art. 38) Paragraph 1, a) Paragraph 1, b) FI set up at EU level Managed by the Commission. Contributions are provided by MAs, in accordance with the CSF objectives, in order to support actions and final recipients in accordance with the related OPs. FI set up at national, regional, transnational or cross-border level Managed by the MA or, in any case, under her responsability. They can be: FIs already existing or newly created which are specifically designed to achieve the intended purpose. standard FIs ( off the shelf ) defined according with the EU standards and rules.

5 Loan for energy efficiency and renewable energies in the residential building sector Renovation Loan Off the shelf instruments Purpose of the loan loan: energy efficiency or renewable measures (e.g. replacement or refitting of the heating, Improvement of heat insulation, replacement of windows and entrance doors, roof insulation, etc.; Target: natural, legal persons or independent professionals (economic activity), as well as administrators or other legal bodies acting on behalf and for the benefit of owners, owning premises (apartment or individual household), social housing companies, etc.

6 Bodies implementing FIs most suitable for MARTE Energy Fund Managing authority Implementing body Equity Guarantees Loans Operations

7 Marche Funding priorities FP 1 Regional system Competitiveness TO 1 Research & Innovation TO 3 SME TO 4 Reduction CO2 TO 2 Reduction Digital Divide TO 6 Heritage TO 5 Risks FP 2 Citizens quality of life

8 Results and Actions TO 4 20% What changes? How can we achieve them? Reduce energy consumption in buildings and public structures 9% about 30 meuro improving the efficiency of public buildings energyenvironment (eg, school construction, health care, etc.) efficiency and modernization of public lighting networks With the involvement of ESCOs and possibly with priority to "integrated package" of interventions. Reduce energy consumption in loops and production facilities 2% about 7 meuro Interventions for energy rationalization of production cycles Energy efficiency and environmental settlements abandoned

9 Results and Actions TO 4 20% What changes? How can we achieve them? Increasing mobility in sustainable urban areas 8% about 27 meuro Encouraging the use of public transport (eg, public fleet renovation through the purchase of more energy efficient vehicles) Low impact solutions for transport of goods and people (eg eco-friendly systems for goods distribution, promotion of electric mobility, improved cycling networks) Improve the sustainable use of bioenergy 1% about 3,5 meuro Logistics platforms and networks for the collection of biomass from short chain to be conferred to plants

10 Marche Energy Fund in OP ERDF Significant high amounts. at least euro millions! Energy efficiency in public buildings Final recipients: Public entities, ESCO Final recipients: Public entities, ESCO Energy efficiency projects related to public lighting Public Fleet renovation on urban mobility Final recipients: Public entities, transport service operators, ESCO

11 Combining Grants with FIs % of grant (ERDF resources); % of preferential loan (Marche Energy Fund); ESCO equity with own resources and/or credit bank; and Using «Energy Performance Contract» and channel funds through ESCOs, with Third Party Financing scheme (TPF); A debt guarantee commitment by a third party; Energy bond as the «white certificates» in favour of the ESCo.

12 Investiment Strategy to set up the Energy Fund 1 DEFINE THE IMPLEMENTATION MODALITY 2 3 IMPLEMENTING EX-ANTE ASSESSMENT TO VERIFY THE NEED FOR ENERGY FUND SELECT FUND MANAGER

13 Roadmap to define the implementation modality of Marche Energy Fund in axis 4 OP ERDF Implementing Tab. 1. Establish Investiment Strategy (objectives, priorites, implementing body, ) 1. DESIGN 2. Define eligible buildings, final recipients, potential needs 3. Define eligibility criteria (targeted level of renovation and energy savings) 4. Define resources amount, financing mechanisms (loans, guarantees,..) 2. IMPLEMENTATION 6. Launch application process 7. Select projects 8. Disburse funds 5. Choose accompanying activities (Combining FIs and project preparation technical assistance)

14 Ex-ante assessment (art. 37 CPR) It shall include: Analysis of market failures, situations, andinvestment needs Assessment of thevalue added suboptimal investment needs (project pipeline) added of the financial instruments Estimate of additional public and private resources to be potentially raised by the financial instrument down to the level of the final recipient (expected leverage effect)... Assessment oflessons learnt The proposedinvestment strategy Specification of the expected results results, also in terms of timing of return of resources ( revolving fund) Involvement of the stakeholders (banks, financial operator, public entities, etc.) Involvement Ancona, 19 March 2014

15 Guidelines to set up the Energy Fund Main Guidelines Types of projects Efficiency of public buildings (eg, school construction, health care, public lighting) and Urban mobility Risorse TO 4 Potential leverage Public resources meuro 2:1 (Conservative estimate, plausible 3:1 much depends on the credit system trend) meuro Private resource Geographical area Overall requirements meuro Marche Region, priority for some interventions in urban areas (eg, mobility) The estimation of interventions between 150 and 250 meuro (BEI study for Marche Region JESSICA Multi-Region Study for Italy (Marche, Emilia-Romagna, Lazio, Veneto)

16 Roadmap for Energy Fund implementation 2014 Q Q Q Q Q Q Q ROP finalisation/adoption FI ex-ante assessment Selection of financial intermediary FI set-up Investment phase Realistic timetable depending on approvation time of Partnership Agreement, CPR delegated Acts, Marche OP and PO regional implementing act

17 Set up the working group The Working Group for Marche Energy Fund will be composed by experts in the following fields: ERDF Managing Authority Regional Budget Regional energy planning Mobility and Transport The WG also develops the following: Energy Fund factsheet of the measure and the base document for the ex-ante assessment

18 Contacts Fabio Travagliati European Policies and Managing Authority ERDF and ESF Marche Region Phone: Skype: fabio.travagliati