Parallel sessions on case studies Low Carbon...14 Project example 120 PROJECT COSTS 100 (Investment)...
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#ficompass Parallel sessions on case studies Low Carbon Thursday 30 November, 14:30-16:00
Transcript of Parallel sessions on case studies Low Carbon...14 Project example 120 PROJECT COSTS 100 (Investment)...
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Parallel sessions on case studies
Low Carbon
Thursday 30 November, 14:30-16:00
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Aleksejs Kaņējevs, ALTUM, Latvia
Energy Efficiency Programme for Multi-Apartment Residential Buildings in Latvia
Financial instrument andGrant instrument
for energy efficiency –programming period
2014-2020
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Status Quo
15 000 buildings
with 3+ floors
More than650 000 people
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One activitytwo operations
AltumManage-
mentAuthority
Grant instrument
Financial instrument
and
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Instruments
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IntermediateBody
ManagementAuthority
Beneficiary(Altum)
GRANT LOAN GUARANTEE
Apartmentowners
Bank
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Authorized person
Apartmentowners
Authorized Personoperates
on behalfof Apartment
owners
Construction company
Altum
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State aid: Apartmentowners
LEGAL PERSONVAT PAYER:
De-minimise aidNATURAL PERSON
VAT eligible,if not recoverable
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Co-financing required
For VAT payments,if ineligible
For Project Costsfrom
LEGAL PERSON if ineligiblefor Grant
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Implementationmodel – Bank loans
Commercial loan 50%
Grant 50%
INELIGIBLE
COSTS
ELIGIBLE COSTS
Loan
guarantee
Pay-back<20 years
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Implementationmodel – Altum loans
Promotional loan 65%
Grant 35%
INELIGIBLE
COSTS
ELIGIBLE COSTS
Pay-back<20 years
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Tariff andPay-back period
LOAN REJECTION
0
10
20
30
40
50
60
70
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Process: Authorizedperson
On-sitecheck
RenovationSelection offinancier
Selection ofconstruc-
tioncompany
Technicaldocumenta-
tion Grant part 1Loan
Co-financing
Grant part 2 (10%)
ADVICE
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Process: Authorizedperson + ESCO
On-sitecheck /
Renovation
Renovation(part 1)
Selection ofconstruc-
tioncompany
Technicaldocumenta-
tion
Selection ofESCO
ESCO funds Grant funds
ADVICE
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Project example
120PROJECT COSTS
100(Investment)
20 (VAT)
120FUNDING
60(Bank loan)
60 (Grant)
48*(Guarantee)
• Eligible expenditures 48 / 6 = 8 (assuming multiplicator 6)
60 (GI) + 8 (FI)ESIF eligible expenditures
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Progress (15.11.2017)
DOCUMENTATION: 238 / 35.7 MEUR
SELECTION: 137 / 20.7 MEUR
GRANTS:
29 / 4.3 MEURAltum loans3 / 0.3 mEUR
Guarantees17 / 2.1 mEUR
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Actions taken
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…kWh/m2 < 90
kWh/m2
=>70kwh/m2
Investment
GR
AN
T A
PP
LIC
ATI
ON
Project documentation
Project management(max ½ year)
Pay-back period of
30 years?20
BANKApartment
owners
Grants
50% 43%
36%
ESCO
=>80kwh/m2
Project management
Actions underconsideration
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Examples of multi-apartment buildings
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Mr. Aleksejs Kanejevs
JSC “Development Finance
institution Altum”
Deputy Head Programme
Development Department
+371 67774091
Thank you!
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