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Total Cost €


EC-Contrib. €






 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.

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

Project "Accelerate SUNShINE" data sheet

The following table provides information about the project.


Organization address
address: KALKU IELA 1
city: RIGA
postcode: 1658

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
 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


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
5    JURMALAS PILSETAS DOME LV (JURMALA) participant 188˙935.00
6    TUKUMA NOVADA DOME LV (TUKUMA) participant 185˙035.00
8    ADAZU NOVADA DOME LV (ADAZI) participant 128˙465.00


 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.


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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