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The Institute I.D.A.E was the scenery of the Sustainable Energy Project Financing Conference, organized by ENERINVEST. An event with impact in the EU.

30 - January - 2019

On January 24, the IDAE -Institute for the Diversification and Saving of Energy- hosted and participated in the international event organized by the Platform ENERINVEST, which managed to bring together about 70 experts in sustainable energy from different sectors.

The day began with the presentation of ENERINVEST by Fernando García, of Deloitte Advisory S.L. and project coordinator, who this time focused the exhibition on the achievements made during the three years of its development.

Next, a first panel of institutional representatives analyzed the panorama and the tendencies in the sustainable energy in the national scope and in the frame of the European Union.
Thus, Bjorn Zapfel, representative of the EASME within the European Commission, explained how the regulatory and political framework has changed in the EU, adapting in its development to favor investment in sustainable energy. According to the EASME valuations there is capital available on the market today, but its mobilization towards real projects still has to overcome barriers that speed up investments, and increase the private capital contributed.

The General Director of I.D.A.E., Joan Herrera, continued to analyze the Spanish market. He noted that the sustainable energy market has developed, even without much public intervention, by simple market logic.
The capacity of Spain in natural resources, technical and human potential, and possible uses of an efficient energy, which have to overcome the enormous dependence on fossil fuels, was accentuated.
From IDAE has been working on developing a regulatory framework that puts the energy transition in the center and is able to encourage investment in renewable and efficient energy. Some of the proposals and measures approved to promote self-consumption and the aggregation of demand were detailed, to promote citizen participation in the energy model and to combat energy poverty. All of these are sectors that currently need investment.
Finally, Herrera also spoke of the need to promote local energy communities and the incorporation of new technologies in demand management, inviting them to reflect on the business models that would support these new alternatives.

As representatives of the financial sector, there was the European Investment Bank (EIB) and the Institute of Stock Market Studies (IEB).
Marcos Tejerina (EIB) highlighted that the energy sector faces the greatest transformation in history and how the decarbonization of the economy implies an increase in investments in sustainable projects. The specific tools offered by their entity for projects of this type were presented, concluding with the need to have a stable long-term regulatory framework to make financing attractive.
Manuel Gómez (IEB) offered the teaching framework in relation to the financing of sustainable energy projects and detailed key points at the macroeconomic level. He described how until recently the financial sector did not prioritize investments in adaptation / mitigation of climate change, but now, seeing the growth of investments in this area and the volume of investments needed in the future, climate change begins to be a piece central to the financial system.

Second and third panel of exhibitions. Tools, Platforms and Projects.

The tools developed by the two national platforms working in the EU to promote the financing of sustainable energy were presented:
The Enerintool within ENERINVEST, for the technical, legal and financial advice of projects in Spain, which offers the possible meeting of key agents that materialize these projects, promoters and financiers.

The SEFIPA platform raises in Austria the "Finance Labs" and a collective investment tool, Crowd4Energy for Crowdinvesting.
The initiatives of the energy efficiency platform DEEP, to manage the risk in these investments, and the proposals for standardization of ICP projects, with a certification that reduces investor uncertainty, put an end to the second table.

The third panel presented 2 initiatives focused on the residential sector, and two focused on the business sector.
From the Energy Efficiency Mortgage Initiative (EEMI), Zsolt Toth explained his alternative green mortgages, encouraging the banking sector to make this product a regular offer in their services.
The representative of GNE Finance, Davide Cannarozzi, presented the Euro-PACE project, with an instrument that advises and gives financial support in energy rehabilitation of buildings. These are loans adapted to the needs of the residential sector and measures with long return times.
ESI-Europe presented the program that is currently moving to Spain and focuses on energy efficiency in companies. We work to reduce the perception of risk through 3 key elements: a standardized guarantee contract for savings, an insurance of estimated energy savings and validation by third parties.
Finally, the E-FIX initiative introduced the Capacity building activities to different market players, and the pilots in EPC contracts, equipment leasing, and Crowdfunding, which from this project analyze to promote private financing in the business and industrial sectors.

The summary of conclusions that the technicians of ENERINVEST have prepared, together with the original presentations of the speakers are available in the Documents section of the platform.


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