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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.

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