As the largest residential building in Hungary, the iconic Faluhaz block, in Budapest ,with its 886 flats covering 43 500 m², was one such building in need of urgent energy efficient refurbishment.
The Faluhaz project was financed through a combination of European, national and municipality funds. The total budget was approximately EUR 4 million, 40 % of which came from the Óbuda-Békásmegyer municipality and European funds (CONCERTO programme), 33 % from the Hungarian national Panel Plusz programme, and 27 % from the owners.
The renovation of the 315 meters long, 15 stair-cased building started in July 2009 and was completed in the end of November. As a result of the renovation, the energy consumption of the ’House’ will be reduced by 50%. During the inauguration the Display poster was unveiled to show the estimated energy, CO2 and water savings for 2010.
Source : Sustainable Energy Europe Campaign Media Newsletter, November 2010
Budapest is a member of Energy Cities and a Signatory of the Covenant of Mayors ; Budapest is also involved in the Display Campaign