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FINANCING ENERGY EFFICIENCY PROJECTS FOR SMEs Ministry of Economy and Energy Managing Authority of OP "Competitiveness" European Regional Development Fund EUROPEAN UNION Investing in your future Operational programme "Development of the Competitiveness of the Bulgarian Economy" 2007-2013

FINANCING ENERGY EFFICIENCY PROJECTS FOR SMEs Ministry of Economy and Energy

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European Regional Development Fund EUROPEAN UNION Investing in your future. Operational programme "Development of the Competitiveness of the Bulgarian Economy" 2007-2013. FINANCING ENERGY EFFICIENCY PROJECTS FOR SMEs Ministry of Economy and Energy Managing Authority of OP "Competitiveness". - PowerPoint PPT Presentation

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Page 1: FINANCING ENERGY EFFICIENCY PROJECTS FOR SMEs  Ministry of Economy and Energy

FINANCING ENERGY EFFICIENCY

PROJECTS FOR SMEs

Ministry of Economy and Energy

Managing Authority of OP "Competitiveness"

European Regional Development FundEUROPEAN UNIONInvesting in your future

Operational programme "Development of the Competitiveness of the Bulgarian

Economy" 2007-2013

Page 2: FINANCING ENERGY EFFICIENCY PROJECTS FOR SMEs  Ministry of Economy and Energy

25 % improvement in energy efficiency compared to 2005 levels

• 50% decrease in energy intensity

16 % share of energy consumption produced from renewable sources

20 % reduction in greenhouse gas emissions from 1990 levels

High potential for energy efficiency improvement identified in:

•energy production / transmission / distribution

•final energy consumption: residential sector, transport, industry and services

European Regional Development FundEUROPEAN UNIONInvesting in your future

Operational programme "Development of the Competitiveness of the Bulgarian

Economy" 2007-2013

Bulgarian Energy Strategy 2020

Bulgaria 2020 targets

Page 3: FINANCING ENERGY EFFICIENCY PROJECTS FOR SMEs  Ministry of Economy and Energy

Energy Intensity in selected EU Countries[kgOe/1,000 €]

Bulgaria has highest rate within EU-27

•Disadvantage for Bulgarian SMEs

•Lack of competitiveness

•High expenses for energy services0,00

200,00

400,00

600,00

800,00

1.000,00

1.200,00

1.400,00

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

EU - 27 Bulgaria Germany Greece Hungary

Austria Romania Croatia

European Regional Development FundEUROPEAN UNIONInvesting in your future

Operational programme "Development of the Competitiveness of the Bulgarian

Economy" 2007-2013

Page 4: FINANCING ENERGY EFFICIENCY PROJECTS FOR SMEs  Ministry of Economy and Energy

Operational programme "Development of the

Competitiveness of the Bulgarian Economy"

2007 – 2013

Energy Efficiency and Green Economy

Programme

European Regional Development FundEUROPEAN UNIONInvesting in your future

Operational programme "Development of the Competitiveness of the Bulgarian

Economy" 2007-2013

Page 5: FINANCING ENERGY EFFICIENCY PROJECTS FOR SMEs  Ministry of Economy and Energy

Framework

• Joint Initiative between MoEE and EBRD

• Promotion of Sustainable Energy Solutions for SMEs

• Blending of EU Structural Funds and Commercial Lending in one Procedure

European Regional Development FundEUROPEAN UNIONInvesting in your future

Operational programme "Development of the Competitiveness of the Bulgarian

Economy" 2007-2013

Page 6: FINANCING ENERGY EFFICIENCY PROJECTS FOR SMEs  Ministry of Economy and Energy

Components

• Grant Component: EUR 150 Mio.

• Loan Component: EUR 150 Mio.

• Technical Assistance Component

European Regional Development FundEUROPEAN UNIONInvesting in your future

Operational programme "Development of the Competitiveness of the Bulgarian

Economy" 2007-2013

Page 7: FINANCING ENERGY EFFICIENCY PROJECTS FOR SMEs  Ministry of Economy and Energy

Eligible Applicants and Projects

Only SMEs are eligible

Maximum of 250 employees, turnover of max. EUR 50 Mio. and/or total assets of max. EUR 45 Mio. (according to EU definition / Bulgarian Law on SMEs)

Energy Efficiency Projects

Projects which result in a reduction of energy (and/or fuel consumption) against a baseline or per unit of production

Energy-Audit Projects must achieve a minimum of 10% energy savings!

Renewable Energy Projects

Projects which generate energy only for the own use of enterprises (solar thermal, geothermal and heat pumps)

European Regional Development FundEUROPEAN UNIONInvesting in your future

Operational programme "Development of the Competitiveness of the Bulgarian

Economy" 2007-2013

Page 8: FINANCING ENERGY EFFICIENCY PROJECTS FOR SMEs  Ministry of Economy and Energy

Implementation Approaches

There are two different approaches:

Technology-driven Approach: Small-scale projects specified in the „List of Eligible Material and Equipment“

Energy-Audit Approach: For larger and more complex projects, based on the results of a simplified Energy Audit

Technology-driven Approach

Energy Audit Approach

European Regional Development FundEUROPEAN UNIONInvesting in your future

Operational programme "Development of the Competitiveness of the Bulgarian

Economy" 2007-2013

Page 9: FINANCING ENERGY EFFICIENCY PROJECTS FOR SMEs  Ministry of Economy and Energy

Grant Funding

• Maximum grant intensity is 50% of eligible costs

• Maximum grant amount per project under „Regional Aid“ scheme is EUR 1 Mio.

Project Type Grant Intensity (% of total eligible costs)

Technology Driven Projects (LEME) 30%

Energy Audit Driven Projects 40%

Bonus grant for the following features: LEME projects based on a voluntary energy audit Projects involving CHP Renewable energy projects covering the own needs of the enterprise Fuel switch projects Introduction of an Energy Management System Projects implemented in priority economic sector

10% (for each feature)

European Regional Development FundEUROPEAN UNIONInvesting in your future

Operational programme "Development of the Competitiveness of the Bulgarian

Economy" 2007-2013

Page 10: FINANCING ENERGY EFFICIENCY PROJECTS FOR SMEs  Ministry of Economy and Energy

European Regional Development FundEUROPEAN UNIONInvesting in your future

Operational programme "Development of the Competitiveness of the Bulgarian

Economy" 2007-2013

Functions Allocation

Project Assistant Participating banks

Contracting Authority

Verification Assistant

Financial Eligibility Check

• Financing with own funds: Confirmation of availability of sufficient funds

• Loan financing: Loan approval or Term Sheet

PBs provide loans to applicants/beneficiaries at market rates

Technical Eligibility Check

•Project eligibility

•Eligibility of expenditures

•Energy audit check

Procurement Check

Information and counseling services to applicants

Eligibility of Applicant Check

State Aid Compliance

Double Financing Check

Project Monitoring

Verification of products and services delivered

•On-the-spot visit

•Final report Check

LEME maintenance

Page 11: FINANCING ENERGY EFFICIENCY PROJECTS FOR SMEs  Ministry of Economy and Energy

Project Cycle

European Regional Development FundEUROPEAN UNIONInvesting in your future

Operational programme "Development of the Competitiveness of the Bulgarian

Economy" 2007-2013

Page 12: FINANCING ENERGY EFFICIENCY PROJECTS FOR SMEs  Ministry of Economy and Energy

State of implementation

• Initial project preparation completed: 750+ projects, well above programme budget

• Submission mostly in the last two months before programme closure

• Preference for Energy Audit Projects – scale and flexibility

European Regional Development FundEUROPEAN UNIONInvesting in your future

Operational programme "Development of the Competitiveness of the Bulgarian

Economy" 2007-2013

Page 13: FINANCING ENERGY EFFICIENCY PROJECTS FOR SMEs  Ministry of Economy and Energy

Operational Progamme

„Innovations and Competitiveness“

2014-2020

European Regional Development FundEUROPEAN UNIONInvesting in your future

Operational programme "Development of the Competitiveness of the Bulgarian

Economy" 2007-2013

Page 14: FINANCING ENERGY EFFICIENCY PROJECTS FOR SMEs  Ministry of Economy and Energy

Programming framework

Priorities for funding recommended by European

Commission Services

2. Innovation-friendly business environment

Supporting business developmentFacilitating access to finance and advanced business services for SMEs and start-upsSupporting private R&I investment, infrastructure and capacities

4. Environment-friendly and resource-efficient economy

Promoting a low-carbon economy, energy efficiency and renewable energy sources

OP „Innovations and Competitiveness “

PRIORITY AXIS 1: „Entrepreneurship, export and production potential“1.1. Technological development and innovations1.2. Competitiveness and productivity of enterprises

PRIORITY AXIS 2: „Green and effective economy“

2.1. Green economy and resource efficiency

2.2. Energy technologies and energy efficiency

PRIORITY AXIS 3:

„Technical assistance“

Common Strategic Framework for the period

2014-2020

Thematic objective 1. Strengthening research, technological development and innovation

Thematic objective 3. Enhancing the competitiveness of SMEs

Thematic objective 4. Supporting the shift towards a low-carbon economy

Thematic objective 6. Protecting the environment and promoting resource efficiency

European Regional Development FundEUROPEAN UNIONInvesting in your future

Operational programme "Development of the Competitiveness of the Bulgarian

Economy" 2007-2013

Page 15: FINANCING ENERGY EFFICIENCY PROJECTS FOR SMEs  Ministry of Economy and Energy

Priority axis 1: Entrepreneurship, export and production potential

Technological development and innovations - „smart“ growth (TO 1 of the CSF)development and embedding of new products, processes and business models in innovative enterprisesdevelopment of mutual initiatives for researches and innovationssupport for innovative starting enterprisesdevelopment of infrastructure for innovations and researches, etc.

Competitiveness and productivity of enterprises - fast growing (TO 3 of CSF)renovation and excellence of technologies aiming to improve productivity and increasing efficiency of resources used through introduction of leading technological solutionsintroduction of new ICT-based services and applicationsimprovement of manufacturing processes in enterprisessupport for development of clusterssupport for fast growing enterprises, etc.

European Regional Development FundEUROPEAN UNIONInvesting in your future

Operational programme "Development of the Competitiveness of the Bulgarian

Economy" 2007-2013

Page 16: FINANCING ENERGY EFFICIENCY PROJECTS FOR SMEs  Ministry of Economy and Energy

Priority axis 2: Green and effective economy

Green economy and resource efficiency – sustainable growth (TO 6 of the CSF)embedding of high-technology solutions for optimization of production processes and reduction of utilization of raw materialsembedding of contemporary technologies for input of wastes as raw material in new production; wasteless technologies; innovation production materials; technologies for production of "green products“, etc.

Energy technologies and energy efficiency - sustainable growth (TO 4 of the CSF)investments in technology solutions for optimization of production processes resulting in energy savings investments in renewable energy technologies for energy production, incl. CHP consultancy services for energy management systems developmentconstruction and repair works in buildings

European Regional Development FundEUROPEAN UNIONInvesting in your future

Operational programme "Development of the Competitiveness of the Bulgarian

Economy" 2007-2013

Page 17: FINANCING ENERGY EFFICIENCY PROJECTS FOR SMEs  Ministry of Economy and Energy

THANKTHANK YOU FOR YOUR ATTENTION!YOU FOR YOUR ATTENTION!

European Regional Development FundEUROPEAN UNIONInvesting in your future

Operational programme "Development of the Competitiveness of the Bulgarian

Economy" 2007-2013