|Demonstration Name||KredEx Revolving Fund|
|Demonstration Description||The KredEx Fund’, started in 2009, has been provided by ERDF, the Government of Estonia, the Council of Europe Development Bank (CEB) and by the KredEx Foundation.|
Aim of the Fund: to renovate at least 1,000 buildings and to target energy savings of at least 20% for buildings with a net area of less than 2000 m² and at least 30% for buildings with a net area of more than 2000 m². The Fund provided revolving project finance, under the “Apartment building renovation loan programme” to multi-family apartment building owners and housing associations who wish to improve the energy performance and living conditions of their homes, achieve substantial energy savings and reduce their energy consumption. It also administers grants in the energy efficiency and housing sector on behalf of the Estonian national and local authorities.
• Government of Estonia
• the Council of Europe Development Bank (CEB)
• KredEx Foundation which acts as an intermediary for reconstruction grants and grants related to efficiency audits, expert evaluation and project design documents
Funding: €72 million (including €3 million ERDF and about €40 million coming from the sale of CO2 emission allowances)
The Fund is in line with the European Commission’s recommendation to have an alternative use of the available ERDF funds for sustainable urban development which were before mainly used as a grant instrument. From 2014, the scheme is combined with PDA, as well as performance-based grants.
Target group: home-owners in multi-apartment buildings
Financing method: The Fund provides preferential loans and loan guarantees (for renovation of apartment buildings).
|Does the demonstration include any of these asset classes?||Privately owned|
|Business Model||Demand Response (DR)|
|Financing Solution||Energy Efficient Mortgage (EEM)|
KredEx Revolving Fund
Exploit the community intelligence.
Contribute, share, chip in.
Let’s get In Touch
For further informations about the encylopenergy, please contact us at firstname.lastname@example.org or simply submit a new form.
Frequently Asked Questions
We have fund our selves at a crossroads. Buildings energy efficiency is not moving fast enough to meet the Paris Agreement goals. Innovative financial instruments, business models and regulatory frameworks are urgently needed.
We can continue in this direction. Or we can explore a new way forward. The encyclopenergy aims to do just that in a bid to streamline and optimise the way the built environment community shares knowledge.
The enclyponergy aims at creating a comprehensive compendium to support the spread and scale of innovation in financing solutions, business models, and regulatory frameworks to accelerate the transition to a less carbon-intensive built environment.
The project ‘Climate Positive Circular Communities’, short name ARV, is funded by the European Green Deal initiative as an Innovation Action within the Horizon 2020 Framework Programme. The enclycopenergy is a flower germinating from the ARV in order to map the world state of art when it comes to energy efficiency financing, business models and regulatory frameworks. The Green Digital Finance Alliance as an ARV Consortium partner is in the lead of such an effort.
The Encyclopenergy is a crowd-open-sourced encyclopedia of energy efficiency enablers. It is a crowdsourced global catalogue of financing tools, business models, and regulatory frameworks enabling, empowering, and scaling energy efficient solutions for the built environment. It also offers intelligence to list demonstrations and organization working in the field with the hope this will be a boomerang to boost the renovation wave.
Everywhere. Ubiquitus. Onlline. And in your pocket. The encyclopenergy wants to be a practical tool available to all at all time. You can surf it, download it and populate it from anywhere.
The encyclopenergy is still in its infancy. It was kickstarted on March 1st 2022. Help this living knowledge hub to grow, refine and ameliorate so that it can graduate into a useful tool for a climate positive built environment.
How do we collect information?
Information in this encyclopedia serves for informational purposes only. The information has been crowed-collected from the global community willing to share their knowledge on energy efficiency enablers. Input has been approved by the Green Digital Finance Alliance (GDFA) team by a validation process via desk research following a transparent approach. However, GDFA does make any express or implied warranty or representation concerning the completeness or correctness of information provided. Therefore, GDFA hereby disclaim any liability for any loss or damage resulting from use of information in this encyclopedia or reliance or decisions based upon the information or outcomes of this database.
Information in this encyclopedia serves for informational purposes only. The information has been crowed-collected from sources believed to be reliable, and input has been approved by the Green Digital Finance Alliance (GDFA) team by a validation process via desk research following a transparent approach. However, GDFA does make any express or implied warranty or representation concerning the completeness or correctness of information provided. Therefore, GDFA hereby disclaim any liability for any loss or damage resulting from use of information in this encyclopedia or reliance or decisions based upon the information or outcomes of this database.Each user and/or third parties are advised that they are responsible for reliance on the database, data, information, findings and opinions provided by GDFA.
Any reference to a specific data source, information or service by trade name, trademark, manufacturer, or otherwise, does not constitute or imply an endorsement, recommendation, or favouring by GDFA.
Ask a different question
This project has received fundings from the European Union’s Horizon 2020 research and innovation programme under agreement No 101036723