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DEEP Platform and opportunity for industry
Marco Manchisi
Associazione costruttori edistributori
di impianti di cogenerazione
Federata
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EEFIG - Energy Efficiency Financial Institutions Group,established in 2013 by the European Commission Directorate-General for Energy and United Nations Environment ProgrammeFinance Initiative. EEFIG provides an open dialogue and workplatform for public and private financial institutions, industryrepresentatives and sector experts to identify the barriers to thelong-term financing for energy efficiency, and propose policy andmarket solutions to them.EEFIG covers both the buildings and industry sectors.
THE EEFIG
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EEFIG : Energy Efficiency Financial Institutions Group -more than 120 participants representing over 100 organizations
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EEFIG: participant expertise distribution
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First Italian launch of EEFIG Report - Focus on Industry@Key Energy RiminiRimini (Italy), 5/11/2015
EEFIG: First Final Report
• Energy efficiency investments havemultiple benefits for Europe: Increase security of supply - through
reduced reliance on imported energy; Enhance competitiveness of Europe's
industry; Reduce global and local
environmental problems.
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First Italian launch of EEFIG Report - Focus on Industry@Key Energy RiminiRimini (Italy), 5/11/2015
EEFIG: First Final Report• Buildings are responsible for 40% of final
energy consumption and industry isresponsible for 26% of final energyconsumption in EU.
• 75% of buildings were built with no or minimalenergy-related building codes and 75-90% oftoday's buildings will still be in use in 2050.
• EU's industry is a world leader in energyefficiency, but there are still substantialpotential savings.
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First Italian launch of EEFIG Report - Focus on Industry@Key Energy RiminiRimini (Italy), 5/11/2015
EEFIG: First Final Report 2015
• EU's investment need inenergy efficiency 2014-2035(for 2⁰C scenario, IEA) is EUR1,180 billion in buildings andEUR 140 billion in industry.Current investment trendsmust increase multiple times.
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• The EEFIG 2015 report "Energy Efficiency – the first fuelfor the EU Economy; How to drive new finance for energyefficiency investments" highlighted among others thefollowing problems:
• Lack of evidence on the performance of energyefficiency investments makes the benefits and thefinancial risk harder to assess.
• Lack of commonly agreed procedures and standardsfor energy efficiency investment underwritingincrease transaction costs.
THE EEFIG DE-RISKING ENERGYEFFICIENCY PLATFORM (DEEP)
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• The EU Commission has taken EEFIGreport in full consideration for theimplementation and development of itsreview of energy efficiency relatedpolicies.
THE EEFIG DE-RISKING ENERGYEFFICIENCY PLATFORM (DEEP)
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• In continuation of the EEFIG 2015 findings, the EEFIG de-riskingproject is now during 2016-17 addressing the fundamentals of energyefficiency investments in the buildings and corporate sectors through:
• Creation of an open source database for energy efficiencyinvestments performance monitoring and benchmarking(DEEP)
• Development of common, accepted and standardizedunderwriting and investment framework for energy efficiencyinvesting
• The goal of these initiatives is to increase energy efficiency financingat competitive terms through improving risk assessment andreducing transaction costs.
THE EEFIG DE-RISKING ENERGYEFFICIENCY PLATFORM (DEEP)
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DEEP is an open-source initiative to up-scale energy efficiencyinvestments in Europe through the improved sharing andtransparent analysis of existing projects in Buildings and Industry.
Initially contains data for over 5,900 building and industry projectscontributed by:
THE EEFIG DE-RISKING ENERGYEFFICIENCY PLATFORM (DEEP)
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KEY MESSAGES :1) LARGEST EU OPEN SOURCE EE INVESTMENT DATABASE
HEADLINE DATA FROM DEEP AT LAUNCH:• DEEP contains 3,000+ buildings projects and 2,200+
industrial projects from 23 European Member Statesand 560 from elsewhere (mainly USA) at launch.
• DEEP tracks Euro 910 million of investment projectscontributed by 20 large companies, public banks,private investment funds, financial institutions andESCOs. • DEEP directly addresses the
need to have a user-friendly,transparent and open sourceevidence base for EU financialinvestors to reference whenconsidering entry into theenergy efficiency markets.
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KEY MESSAGES :1) LARGEST EU OPEN SOURCE EE INVESTMENT DATABASE
• This is just the beginning, asthe Consortium supportingEEFIG, DEEP and the SmartFinance for Smart Buildingsinitiative will continue toprovide resources for newdata providers and DEEP usersuntil the end of 2017.
CONCLUSIONS DRAWN BY EEFIG:• DEEP is the largest, Pan-European, open source
evidence base for energy efficiency projectinvestments in Europe.
• The launch of DEEP demonstrates that EEFIG is actingupon the recommendations made in its landmark 2015report.
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KEY MESSAGES FROM DEEP DATA:2) EE FIRST FUEL AS MORE COMPETITIVE THAN ENERGY SUPPLY
HEADLINE DATA FROMDEEP:
• DEEP’s Euro 910 mm ofinvestment projects showthat the avoided cost perkWh delivered by EE ishighly competitive: Euro0.012 /kWh in industry andEuro 0.024 /kWh inbuildings.
• The median payback fromover 3,000 DEEPcontributed projects fromIndustry is 2 years.
• In buildings, 2,000+ singlemeasures in DEEP (eg. Lighting orHVAC) payback in a median of 3years, whereas 600+ deeper orintegrated renovations (incl.building fabric measures)typically require over 7 years tobe paid back.
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KEY MESSAGES FROM DEEP DATA:3) NON-ENERGY, MULTIPLE BENEFITS OF EE RARELY ESTIMATEDHEADLINE DATA FROM DEEP:
• Just 20% of Buildingsand 6% of Industrialprojects (772 total) fromover 5,900 in DEEPcontain any informationabout the non-energy, ormultiple benefitsdelivered through energyefficiency investments(such as change in assetvalue, productivity andcomfort increases, etc).
• The most frequentlyrecorded non-energy/multiple benefits recordedin DEEP are carbonemission reductions,reduced maintenancecosts, health & safety andemployee satisfaction.
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KEY MESSAGES FROM DEEP DATA:3) NON-ENERGY, MULTIPLE BENEFITS OF EE RARELY ESTIMATED
• EE projects continue to lacksufficient monitoring, andtherefore ex-ante and ex-postdata, leading to higher riskperception. This is why EEFIGis also developing commonunderwriting procedures forEE investments.
CONCLUSIONS DRAWN BYEEFIG:• Important investment drivers
like increased market value,rentability, comfort, health,emissions reductions andother factors continue to beunder reported by businessand buildings owners.
• Multiple benefits continue tobe less visible and hard totrack consistently. Thissuggests that real projectreturns are, in fact, muchhigher than reported in DEEP.
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KEY MESSAGES FROM DEEP:4) TAILORED BENCHMARKING AND FACT-SHEET FUNCTIONALITYHEADLINE DATA FROM DEEP:
• Data providers includelarge companies, publicbanks, privateinvestment funds,financial institutions andESCOs.
• Private portfolios can bebenchmarked againsttailored DEEP projectgroups throughadvanced userfunctionality.
• DEEP Fact-sheets canbe downloaded forselected segments andgeographies to provideinvestors with keymarket reference data.
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KEY MESSAGES FROM DEEP:4) TAILORED BENCHMARKING AND FACT-SHEET FUNCTIONALITYCONCLUSIONS DRAWN BYEEFIG:
• DEEP aims to increasethe transparency of theenergy efficiencyinvestment markets inEurope.
• Data privacy concernshave been consideredand new users caneasily benchmark andde-risk their projects.
• DEEP makes it easy todownload market contextdata required to providebackground to individualinvestment decisions - in astandard format for multiplesectors and geographies.
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Following the success of the launch of the EEFIGFirst Final Report, Climate Strategy, COWI and itslocal partners in some EU Member States began tocollaborate to use the tools created by EEFIG torun a national engagement process with financeexperts in five countries.Recognizing the current energy efficiency financecontext where investment levels need to be up-scaled to around €100 billion per year, EEFIGNational provides a platform to gather, interpret,present, analyse and exchange key data that canengage key national stakeholders through astructured process to align and focus theirefforts to increase EE investments.
EEFIG NATIONAL
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In its initial phase, EEFIG National used astandardized method and process to engage withkey expert stakeholders in Spain, France,Germany, Poland and Bulgaria over 12 monthsfrom July 2015 to June 2017. Each country’sprocess and results can be found in the countrysections (left menu) together with an interactivereview of the results data in each case. We providean “EEFIG National Toolkit” which describes thenecessary components needed to conduct andreplicate the EEFIG MS-level engagement processin different countries. Below there is also aninteractive analysis comparing the results of EEFIGdrivers in each of the countries by segment.
EEFIG NATIONAL
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Public and private financial institutions, industry representatives and sector experts maythrough EEFIG be engaged in an expert dialogue and contribute to enhancement of thefundamentals of energy efficiency investments in the buildings and corporate sectors.
You may contact:
• Country Point of ContactMarco Manchisi, [email protected]
• European Commission, DG EnergyDiana Barglazan, Policy Officer - Energy Efficiency, [email protected]
• The consultant team supporting the EFFIG de-risking project:Peter Sweatman, EEFIG Rapporteur, [email protected] Georgiev Georgiev, Project Manager, [email protected] Smederup Hansen, Deputy Project Manager, [email protected]
• For more information visit the EEFIG on www.eefig.com and to access DEEP via deep.eefig.euand also www.eefig.eu/deep
HOW TO ENGAGE / FOR FURTHER INFORMATION
