About Infinite Solutions
Although many cities and regions have engaged in an energy transition, financing sustainable energy measures remains a great challenge. Some project investment costs are high and covering them by using only municipal budget and traditional financing mechanisms is difficult.
Through the Infinite Solutions project, 11 local authorities and associated partners have successfully implemented 3 innovative financing schemes inspired by the cities of Stuttgart (Germany) and Delft (the Netherlands)... and it works!
4 European cities of all sizes and 4 French universities have set up a revolving fund linked to an internal contracting (intracting) financing scheme to finance energy saving measures in public buildings and facilities: Agueda (Portugal), Almada (Portugal), Koprivnica (Croatia), Udine (Italy), the Universities of Rennes, Clermont-Ferrand, Nanterre and Reims (France).
Brussels-Capital Region (Belgium), Frederikshavn (Denmark), Riga (Latvia), Parma (Italy), and Bordeaux Metropole (France) in partnership with 18 local banks and financing institutions have developed soft loan financing schemes to motivate homeowners to invest in energy renovation. Soft loans are accompanied by non-financial incentives such as technical assistance to homeowners.
The city of Stuttgart developed a ‘carefree energy renovation package’ for homeowners. The package includes: planning, building and construction, operation and maintenance, financing, guarantee and risk assumption. Homeowners do not need to secure upfront financing for the replacement of the heating system. This is financed by a municipal ESCO to whom the homeowners pay a monthly service fee through energy supply contracting.
Infinite Solutions was an Intelligent Energy Europe project also supported by ADEME and Caisse des Dépôts.