Triggered Investments in Grouping of buildings for Energy Renovation

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The building sector is one of the major consumers of energy in Europe, responsible for 40% of energy consumption and 36% of CO2 emissions. Furthermore, Social Housing (SH) buildings show a critical state due to the lack of constant resources to upkeep and refurbish the existing stock and a long-term sound energy strategy (having to deal with emergencies). TIGER intends to improve the efficiency of SH by addressing the issues of the lack of funding and also contribute to tackling energy poverty which is a growing issue in Europe. Between 50 and 125M Europeans are unable to afford thermal comfort. The main aim of TIGER is the implementation of energy renovation interventions in SH buildings, expecting an investment over 16M€ through Energy Performance Contracting (EPC), with a simple payback period of 4 years. TIGER will engage over 1500 families living in 126 SH buildings, located in 58 municipalities in Abruzzo Region saving 8,7GWh/y of primary energy and reducing CO2 emissions of 1760tCO2/y, contributing to decarbonising the building stock. Further TIGER addresses energy poverty by improving energy efficiency, reducing energy consumptions and achieving adequate comfort levels. TIGER will develop an innovative model to be replicated and taken-up in different SH contexts. For the first time there will be a fully regional geographic approach- all 5 local SH operators will be engaged. Also the funding mechanism is innovative combining EPC with other financial instruments (ERDF, tax deductions, incentives, soft loan) in order to trigger investments by ESCOs. To properly deliver the setting-up of the investment scheme and the engagement and consensus of tenants, TIGER will appoint a PDA team including all technical and non-technical competencies and experiences (financial, technical and legal) and a capacity building programme for tenants will be set up to encourage vulnerable consumers to change their energy related behaviour.