Our Projects
EuroPACE – Simple, reliable home renovation financing for Europeans.
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EuroPACE adapts an innovative financing tool called PACE to the European market. The project has three main pillars:
- Research – market review to determine viability and attractiveness of EuroPACE financing across Europe.
- Creation – design and launch the first residential EuroPACE pilot in the city of Olot,
- Catalunya, Spain.
Scale – identify, ally with and support 4 Leader Cities set up EuroPACE programmes.
GNE Finance conceived of EuroPACE and led a coalition which was awarded funding by European Union’s Horizon 2020 research and innovation programme.
OPENGELA – HIROSS4all
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The main objective of the project is to develop a home renovation service for vulnerable population living in multifamily apartment buildings in the Basque Country. This will be accomplished by setting up “district offices” as one-stop shops to facilitate turn-key solutions homeowners, covering the whole customer journey. Such “district offices” will enable Basque citizens to gain access to reliable professionals covering the renovation journey.
The home renovation offering will focus on significant energy efficiency improvement and also consider the social dimensions of the renovation process, such as accessibility, comfort, security, cultural identity and mutual trust.
ORFEE
The project was awarded in early 2020, the implementation will start shortly.
The project brings together third-party financing companies formed by French regions and cities with the goal of creating a refinancing platform. ORFEE intends to set up a resource centre for the local home renovation programs in France. Additionally, the project will implement a quality and compliance framework adapted to the various types of home renovation loans.
EEnvest
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EEnvest aims to support real estate investor decision-making process by translating technical energy efficiency parameters into clear economic indicators used to evaluate financial risks of an energy efficiency investment.
The project will incorporate non-energy benefits of building retrofits accruing to investors, property users, owners, and society as a whole. EEnvest intends to strengthen mutual trust and understanding among real estate investors, property owners and users by identifying, quantifying and mitigating technical risks associated with energy efficiency investments as well as by reducing lending risk and thus lowering the cost of capital.
The project will focus on a commercial real estate market in Italy and Spain.
Sav€ the Homes
The project was awarded in early 2020, the implementation will start shortly.
Sav€ the Homes aims to create innovative ‘integrated home renovation services’ in two cities: Eindhoven, The Netherlands and Valencia, Spain. The project will overcome a number of barriers to residential renovation, including lack of technical skills, market fragmentation, lack of affordable financing and trust..
EEnvest
The project was awarded in early 2020, the implementation will start shortly.
FITHOME intends to retrofit 1000+ family homes in 3-7 municipalities in the Netherlands. The project has the following pillars:
- Develop and deploy a robust innovative financial instrument
- Engage with customers through a digital end-to-end solution
- Prepare for future scaling through a Pan-European investment platform.
HolaDomus – Eco-sustainable home renovation program in Catalonia
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HolaDomus is the pilot program launched under the auspices of the EuroPACE project (see EuroPACE below), co-led by GNE Finance and the City of Olot. HolaDomus’ mission is to combat climate change while improving citizens’ health, well-being and comfort through home renovation.
Offering technical assistance, affordable financing and access to trained contractors, HolaDomus makes home renovation simpler, more affordable and reliable. Energy efficiency, renewable energy, water conservation, including green roofs, fuel cells, batteries and other innovative improvements can be implemented with the HolaDomus program and financed by GNE Finance.
PACE for Europe: Switzerland and Norway
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This project explored the viability of PACE financing mechanism to fund energy efficiency, renewable energy and water conservation improvements to residential and commercial buildings in Switzerland and Norway. The project entailed the following activities:
- Market research on Swiss and Norwegian building renovation market and fiscal instruments to identify opportunities and challenges for EuroPACE implementation
- Interviews with experts, investors and public authority representatives in Norway and Switzerland
- Two half-day workshops with investors and public authorities in Norway and Switzerland
- Market Briefs assessing market readiness for EuroPACE.
Sustainable Financing Models in Chile
The World Bank Project
The objective of this project is to identify and develop sustainable business models and EE financing mechanisms for retrofits in the residential sector in Chile. To this end, the assignment will seek to:
- Assess the EE residential retrofit market for the medium income-level in all nine thermal areas of the country
- Identify key regulatory, financial, and technical barriers to scaling-up EE in this sector with focus on EE financing issues
- Develop specific recommendations to address these barriers and issues
- Assess potential applications of different EE financing mechanisms and identify the most suitable EE financing for the residential EE retrofit sector for the targeted income level; and
- Develop the design and implementation arrangements for the selected financing mechanism.
Our projects
