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Accelerate SUNShINE SIGNED

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Total Cost €

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EC-Contrib. €

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Partnership

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 Accelerate SUNShINE project word cloud

Explore the words cloud of the Accelerate SUNShINE project. It provides you a very rough idea of what is the project "Accelerate SUNShINE" about.

savings    commit    socio    financial    27gwh    solution    worth    renovations    shows    energy    made    investors    deep    municipalities    climate    re    efficiency    inadequately    deals    mayors    purpose    implementing    escos    plan    turn    property    economic    suitable    left    baltic    effort    fund    public    limited    27m    collective    municipality    actions    epc    receivables    accelerate    investment    rolling    designing    performance    supports    multifamily    latvian    owners    engineering    usually    small    sheet    always    private    time    continuing    pipeline    works    viability    individual    attracting    lack    sunshine    transaction    scheme    covenant    plans    guaranteed    single    procurement    buildings    signatories    capacity    realizing    balance    finance    contracting    facility    selling    forfaiting    investments    institutional    municipal    standardization    residential    action    medium    bundling    renovation    experts    financing    sustainable    shared    bundled    advisory   

Project "Accelerate SUNShINE" data sheet

The following table provides information about the project.

Coordinator
RIGAS TEHNISKA UNIVERSITATE 

Organization address
address: KALKU IELA 1
city: RIGA
postcode: 1658
website: www.rtu.lv

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Latvia [LV]
 Project website http://www.sharex.lv
 Total cost 1˙577˙140 €
 EC max contribution 1˙577˙140 € (100%)
 Programme 1. H2020-EU.3.3.7. (Market uptake of energy innovation - building on Intelligent Energy Europe)
2. H2020-EU.3.3.1. (Reducing energy consumption and carbon foorpint by smart and sustainable use)
 Code Call H2020-EE-2016-CSA
 Funding Scheme CSA
 Starting year 2017
 Duration (year-month-day) from 2017-04-01   to  2020-03-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    RIGAS TEHNISKA UNIVERSITATE LV (RIGA) coordinator 198˙106.00
2    FUNDING FOR FUTURE BV NL (EGMOND AAN DEN HOEF) participant 312˙468.00
3    EKODOMA LV (RIGA) participant 211˙730.00
4    EKU SAGLABASANAS UN ENERGOTAUPIBAS BIROJS LV (RIGA) participant 196˙995.00
5    JURMALAS PILSETAS DOME LV (JURMALA) participant 188˙935.00
6    TUKUMA NOVADA DOME LV (TUKUMA) participant 185˙035.00
7    BAUSKAS NOVADA ADMINISTRACIJA LV (BAUSKA) participant 155˙405.00
8    ADAZU NOVADA DOME LV (ADAZI) participant 128˙465.00

Map

 Project objective

In the Covenant of Mayors signatories commit to a Sustainable Energy and Climate Action Plan. However, often municipalities lack capacity to turn their plans into actions; and the residential sector is often left behind and deep renovations not implemented. Realizing this potential requires designing, financing and implementing complex energy efficiency investments. Practice shows that small and medium municipalities are inadequately organized to manage and finance this process. At the same time individual owners in the residential sector are inadequately organized to manage their collective property. Accelerate SUNShINE supports Energy Performance Contracting (EPC), with a pipeline of projects worth €27m and guaranteed savings over 27GWh/year. A major objective is to demonstrate the financial viability of deep renovation via suitable project bundling, municipal partnerships and financial engineering. In the proposed approach four municipalities works together in a shared project management unit, composed by experts covering technical, socio-economic, legal and financial advisory. This unit deals with project development and process standardization. In each municipality public buildings are bundled for Energy Performance contracting based procurement. At the same time each municipality establish a support scheme for the deep renovation of multifamily residential buildings always based on Energy Performance contracting and continuing the effort made by SUNShINE. As most ESCOs have limited balance sheet capacity, re-financing is usually achieved by selling future receivables by a forfaiting transaction. Accelerate SUNShINE supports this solution, further rolling out the Latvian Baltic Energy Efficiency Facility, which is an investment fund with a single purpose: forfaiting receivables from EPC. Here process standardization is very important for attracting private and institutional investors.

 Deliverables

List of deliverables.
Project Implementation Manual for public sector buildings Documents, reports 2020-04-08 22:06:44
Best practice report including at least five projects Documents, reports 2020-04-08 22:06:45
Campaign action plan Documents, reports 2020-04-08 22:06:46
Project website Websites, patent fillings, videos etc. 2020-04-08 22:06:45
Market assessment report for deep renovation of public buildings Documents, reports 2020-04-08 22:06:46
Project Implementation Manual for residential sector buildings Documents, reports 2020-04-08 22:06:46

Take a look to the deliverables list in detail:  detailed list of Accelerate SUNShINE deliverables.

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The information about "ACCELERATE SUNSHINE" are provided by the European Opendata Portal: CORDIS opendata.

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