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Thursday, August 22, 2019

Paris: €100 million available for energy renovation of multi-family buildings

Town planning, Energy, Environment,-,

News Île-de-France Energies, the energy transition operator in the Paris Region, developed a unique financing scheme for energy saving works in collective housing. It now offers third-party financing for an all-inclusive energy renovation package for multi-family buildings it supports.

Île-de-France Energies obtained a €100 million loan from the European Investment Bank under the European Fund for Strategic Investment.

The third-party finance offered by Île-de-France Energies is a group loan with opt-in: each co-owner has the choice of whether or not to join. The loan can finance works on common parts of the building (insulation of walls, roof, collective heating, etc.) and specific private parts in the "common interest" such as windows. The third-party financing offer also helps to reduce the barrier of up-front costs for households by pre-financing individual and collective public benefits, which are often paid only at the end of the works.

Source :  EASME - News




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