Public Buildings

North & South Aegean Greece

EPC & Structural Funds

2395 MWh Energy Savings each year

Public Buildings

Public building retrofit under mixed funding scheme in Greek Islands


PROJECT DESCRIPTION

Objectives & Characteristics:

High levels of energy savings (50%), improved environmental performance and boost of the energy service market in Greece.

The project uses the application of mixed funding scheme, EPC with structural funds, in the design and awarding of energy efficiency interventions through bundling of public buildings, in order to reach high targets in energy consumption savings (50%), improve environmental performance and boost the energy service market in Greece. Bundling is an important element that helps create economies of scale and boost the EPC market, addressing intrinsic challenges facing islands (dispersed market, varying conditions with regards to energy costs, energy consumption, climatic factors, building categories). In addition to the above, the use of structural funds for the funding of retrofitting measures with longer payback periods, creates an attractive investment environment.

  • Energy Consumption Evaluation and Feasibility Study
  • Retrofitting Proposals (Insulation, Passive Solar Design, Renewable Energies, HVAC, Ventilation etc.)
  • Investment Plans
  • Tendering

The EPC investment plans were elaborated in the frame of the Interreg-MED STEPPING programme.

The buildings selected for the retrofitting projects:

  • 7 School buildings
  • 1 Infirmary
  • 1 Hospital
  • 1 Multipurpose Hall
  • 1 Town Hall

Annual savings:

  • Cost savings: 287,400 euros
  • Energy savings: 2,395 MWh
  • Energy production by renewables: 356 MWh
  • CO2 emissions: 2,634 tons



  • TECHNICAL & FINANCIAL DETAILS

    Financing scheme:

    Mixed funding scheme of EPC and structural funds, through bundling of public buildings.

    Phase:

    Implementation and Monitoring

    Links:


    KEY SUCCESS FACTORS (REPLICATION POTENTIAL)

    The proposed projects could serve as pilots regarding the combination of public and private funding as well as the implementation of Energy Performance Contracting as a tool of guaranteed energy savings and the dissemination of technical expertise. The selected buildings consist mainly of educational and health infrastructure, e.g. schools, hospitals, infirmaries.