INNOVATIVE FINANCING OF ENERGY EFFICIENCY RETROFITS. Triona Casey

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1st Thematic Seminar on Sustainable Energy Systems in Municipal Authorities and on Innovative Financing Tools. STEP PROJECT INTERREG IVC. Helsinki

Transcript of INNOVATIVE FINANCING OF ENERGY EFFICIENCY RETROFITS. Triona Casey

Page 1: INNOVATIVE FINANCING OF ENERGY EFFICIENCY RETROFITS. Triona Casey

Innovative financing of

Energy Efficiency Retrofits

Midland Regional Authority

Page 2: INNOVATIVE FINANCING OF ENERGY EFFICIENCY RETROFITS. Triona Casey

The Mission• Our goal is to empower each Midlands local authority to achieve a 33% saving in

energy use by 2020

– “The public sector will improve its energy efficiency by 33% and will be seen to lead by example –

showing all sectors what is possible through strong, committed action” (NEEAP)

Midland Regional Authority

Midland Energy Agency

Laois

Offaly

Longford

Westmeath

Page 3: INNOVATIVE FINANCING OF ENERGY EFFICIENCY RETROFITS. Triona Casey

What is The Problem?

• Local Authorities represent more than

25% (€120M) of the Public Sector Energy

Spend

• Water Services ≡ 53% of total energy

• Reduced Capital Investment

• Limited grant assistance

• Reduced Operations budgets2012 2013 2014 2015 2016

Total 371 329 296 296 296

275

295

315

335

355

375

395Water Services Investment €M

53%

30%

17%

Public Sector Energy Spend CCMA 2012

Water Services Public Lighting Other

Page 4: INNOVATIVE FINANCING OF ENERGY EFFICIENCY RETROFITS. Triona Casey

Where to start ?

Page 5: INNOVATIVE FINANCING OF ENERGY EFFICIENCY RETROFITS. Triona Casey

How does my pump system

perform ?

Page 6: INNOVATIVE FINANCING OF ENERGY EFFICIENCY RETROFITS. Triona Casey

Procuring the replacement pump

Page 7: INNOVATIVE FINANCING OF ENERGY EFFICIENCY RETROFITS. Triona Casey

What is the Good Practice (GP) ?

• The GP Framework comprises…

– Benchmark tool

– Training

– Community

– Business case

– Rapid Procurement tools

Page 8: INNOVATIVE FINANCING OF ENERGY EFFICIENCY RETROFITS. Triona Casey

What are the Results of the Good Practice (GP)?

• Energy Performance Certs

• Over 300 trained engineers

• Online Community of Practices (with SEAI)

• Business Case for pump replacement

• Reduced Energy costs

• Significant Energy savings of over 800MWh per annum in MRA region

Page 9: INNOVATIVE FINANCING OF ENERGY EFFICIENCY RETROFITS. Triona Casey

Benchmarking our GP

• Potential (21M, 139GWh, by 2020)

• Scalable

• Transferable

• Strengths/Weaknesses