Horizon 2020 Energy Efficiency project SEFIPA ended with impressive results. It supported real estate funds with a total volume of EUR 6.7 billion to apply sustainability criteria for their buildings portfolio.
SEFIPA established a national sustainable energy platform in Austria. The aim of the SEFIPA platform was to bring together relevant stakeholders from administration, project development, finance and interest groups to address existing barriers and trigger accelerated and higher volumes of investments in sustainable energy.
SEFIPA worked with real estate funds to define criteria for sustainable buildings. In 2018 funds volume of EUR 734 million introduced sustainability criteria in their portfolio and fund volume of EUR 85 million introduced the “Austrian Eco-Label for real estate funds.”
The project also managed to remove the limitation to combine grants and guarantees for a single project. This was a specific barrier in the tourism sector where high investments in energy efficiency were needed but banks were, without guarantees, reluctant to invest.
Moreover, SEFIPA developed the crowdfunding platform crowd4energy.com to finance sustainable energy projects and has successfully funded the first three projects. It also developed model contracts and an information platform to install Photovoltaic panels on multi-party buildings and condominiums, which led to investments of around EUR 20 million.
Finally, the SEFIPA platform could provide valuable input to the political process. It prepared the ground for national Green Bonds, it developed a detailed proposal for legislative changes to implement the EuroPACE model in Austria, and it gave input to the national heat strategy.
The platform is a good practice example of how the investment climate can be improved when key stakeholders work together.
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