ADENE - Agência para a Energia
ADENE
A ADENE – Agência para a Energia é a agência nacional de energia, associação de direito privado, sem fins lucrativos e de utilidade pública, que tem como missão o desenvolvimento de atividades de interesse público na área da energia, do uso eficiente da água e da eficiência energética na mobilidade.
ID: 224574241031-77
Lobbying Activity
Response to Guidance to Member States and market actors to unlock private investments in energy efficiency (EED recast)
26 Feb 2024
Obstacles to Energy Efficiency private financing: Lack of awareness of the benefits of energy efficiency and long time/low retorn of the investment of energy efficiency measures (namely the passive ones), not being a priority to consumers to invest their money in it; Existing funding available (besides grants) not attractive, and high dependence of grants; Private/smaller investors dont have liquidity to face the (high) initial investments and the public sector has high public debt; Lack of technical/financial knowledge to move with the decision process; Split incentives namely between landlords and tenants, for example, or condominiums (in case of multifamily buildings). Possible solutions to boost energy efficiency private financing: Increase the quantity of available financing and its dimension (sprayed across the residential sector); Design financial instruments that articulate several sources of financing (private and public) reducing the interest rates to numbers that are attractive/affordable for the population; Create conditions of easy access to loans by, for example, including the energy efficiency renovation funding in the house mortgage (with a reduced interest rate) and increasing the time to pay for the loan or to create a national green fund to support the risk in this type of operations and increase the trust for the financial institutions. Implement a policy of grants only for vulnerable households to support the idea in the market that attractive private funding can be a solution for the general population (they should not expect for the non-reimbursable grants); Increase the fiscal incentives related to energy efficiency of buildings to boost the private market; Setup mandatory minimum energy efficiency standards for worst-performing buildings; On-bill financing solutions where a utility supplies the capital to fund the energy efficiency works and the consumer pays through regular payments on an existing utility bill; Setup technical and financial advisory during the entire process (as for example One-Stop-Shop); In case of public buildings take advantage of ESCO contracts; In case of private companies, financial instruments can provide direct support (e.g. direct loans, guarantees, capital investments) and financial support for the use of ESCO. Good practices in PT in energy efficiency private financing: A good solution to boost energy efficiency through private funding combined with public funding is to create streamline financial instruments to support large rehabilitations in multi-family buildings exceeding the legal constraints. This is the case of IFFRU2020, the Portuguese Financial Instrument for Urban Rehabilitation and Revitalization, a combination of public and private funding (through loans) for the integral renovation of residential buildings to improve the energy efficiency of the existing building stock. This program facilitates access to financing for promoters of investments in the area of urban rehabilitation, improving financing conditions, appropriate to the circumstances and specificities of the projects, and diversifying the offer of financing solutions under more favourable conditions than those available on the market.
Read full responseResponse to Assessment of the energy efficiency public funding support at Union and national level
26 Feb 2024
Quantitative estimations of Portuguese financial instruments for buildings: IFFRU2020 Financial Instrument for urban Rehabilitation and Revitalization (type: loans) Total cumulative investment in 3 years of program (up to Dec. 2022) of 1.428M, of which 465M were public funding (leverage ~ 3). It was rehabilitated a total construction area of 902.388 m2 and it was estimated savings of primary energy of 56.033 tep and an annual decrease of 34.410 tCO2 emissions. Environmental Fund Efficiency Bonus - Vale Eficiência (type: grants) Total cumulative investment (up to Dec. 2022) of 6.748M of which 6.342M were public funding (leverage ~1,1). It was estimated a reduction of 31.556 MWh of primary energy (40,16%), an installed capacity for renewable energy production of 11MW, and an annual decrease of 2.472 tCO2 emissions. Environmental Fund More Sustainable Buildings Stage 1 Edifícios + Sustentáveis fase 1 (type: grants) Total cumulative investment (up to 2022) of 20M, of which 9.3M were public funding (leverage ~ 2,2). It was rehabilitated a total construction area of around 1.4 km2, and it was estimated savings of primary energy of 253.069 MWh and a total decrease of 5.298 tCO2 emissions. Environmental Fund More Sustainable Buildings Stage 2 Edifícios + Sustentáveis fase 2 (type: grants) Total cumulative investment (up to July 2023) of 190M, of which 123M were public funding (leverage ~ 1,5). It was rehabilitated a total construction area of around 10 km2, and it was estimated savings of primary energy of 487.408 MWh (47,4%) and a total decrease of 38.263 tCO2 emissions and an installed capacity for renewable energy production of 152MW. Operational Program Sustainability and Efficiency in the use of Resources (POSEUR) Central Administration Energy Efficiency Program (EEAC) (type: refundable/non-refundable grants) Total cumulative investment (up to Dec 2022) of 91M, of which 86M were public funding (leverage ~1,6). It was estimated a reduction of 29.757 MWh of primary energy and a total decrease of 7.656 tCO2 emissions, for a total of rehabilitated construction area of 467.453m2.
Read full responseMeeting with Kadri Simson (Commissioner) and
12 May 2023 · Discussion on the implementation of REPower EU objectives in Portugal.