Loans and thermo-modernisation premiums as innovative financial tools for thermo-modernization projects.

Project information

Index: 1106R4
Acronym:STEP
Priority:2: Environment and risk prevention
Sub Theme:Energy and sustainable transport
Location POLAND POLUDNIOWO-ZACHODNI Legnicko-Glogowski Dolnoslaskie Start/End date of the practice
Start: 1999
End: On going

Topic of the practice

Energy efficiency in buildings

Good Practice Information

The financing tools for boosting local energy efficient investments were pursued for the following reasons, and were implemented itn he following way:
PROBLEM: 1) Serious underperformance of the energy efficiency of the Polish economy. 2) Projected increasing demand for energy (by some 60%).
OBJECTIVE: Thermo modernisation (TM) credit is a source of funding for TM projects. It is intended for entities that cannot finance TM themselves. The loan is called TM premium & represents 20% of the outstanding loan taken for the specific project.
BENEFICJARIES: Owners and/or managers of private and public buildings, local heating networks and local heat sources.
ACTIVITIES: 1)Investment decision, 2)auditor, 3)energy audit, 4)choice of bank, 5)credit agreement, 6) application for a TM premium, 7) verification of audit by the bank, 8)allocation of TM premium, 9) realisation of investment, 10) transfer of TM premium.

Evidence of success

Between 1999 and 2011: 1)average annual energy savings was 3765 GWh (Polish National Energy Conservation Agency), 2) Energy cost savings increased to 600 million zloty or or 146 million euro. 1999-2012:
Applications for the TM pre-mium increased by 20 times. MONITORING: Ministry for Transport, Construction and Maritime Economy. IMPLE-MENTING INSTITUTION: Bank Gospodarstwa Krajowego - TM fund.

Contact details to obtain further information on the practice

Bank Gospodarstwa Krajowego

Bank Gospodarstwa Krajowego

bgk@bgk.com.pl

www.bgk.com.pl/Thermomodernization

Annex completed on: 12-17-2012

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