Money Buzz! Europa

Tag: energy efficiency

  • BNP Paribas Bank to fund energy efficiency projects from Polish homeowners

    BNP Paribas Bank to fund energy efficiency projects from Polish homeowners

    The European Investment Bank (EIB) has signed a PLN 71.2 million (EUR 16 million) guarantee agreement with BNP Paribas Bank Polska to support the financing of energy efficiency projects from Polish homeowners, micro-farmers, and housing associations.

    The guarantee will help BNP Paribas Bank Polska to provide, under the agreement with the EIB, PLN 742 million (EUR 166.7 million) of new financing for energy efficiency projects.

    The banks estimate that around 15.000 clients will benefit from the project.

    The increased use of renewable energy is one of the key objectives of the Polish authorities and the European Union.

    The programme can support the installation of renewable energy sources in individual homes and micro-farms, as well as finance the comprehensive energy refurbishment of multi-home apartment buildings.

    Measures that are eligible for this financing include solar photovoltaic installation for private homeowners and micro-farmers and a wide range of energy efficiency measures for multi-apartment buildings, such as energy efficient windows or facades, heating and ventilation systems, renewable energy sources integrated into the buildings and other measures.

  • Energy efficiency investments are a low priority for EU firms

    Energy efficiency investments are a low priority for EU firms

    The new European Investment Bank (EIB) report, Going Green – Who is investing in energy efficiency, finds that less than half of EU firms have invested in energy efficiency measures and that this accounts for only a small share of their total investment budget.

    The surveyed firms also state that, on average, only a third of their building stock satisfies the highest energy efficiency standards, showing a huge potential for further energy efficiency savings.

    The report further finds that firms’ awareness of energy efficiency benefits is critical for the uptake of energy-saving measures.

    Slovakia: Highest percentage of firms investing in energy efficiency

    In 2019, only 40% of EU firms took measures to improve energy efficiency. Slovakia displayed the highest percentage of firms investing in energy efficiency (61%), followed by Spain, the Czech Republic, Austria, Slovenia, Portugal and Sweden.

    Only these seven EU countries show a greater share of firms investing in energy efficiency than in the United States, where 47% of firms have invested in energy efficiency.

    By contrast, Lithuania, Estonia, Greece, Romania and France were at the other end of the spectrum. As regards their share of total investment in energy efficiency improvements, European firms spent only 10%, whereas this figure was 12% for US firms.