Open for business? New underwriting tools for investment in renovation

EuroACE supported the Investor Confidence Project (ICP) Europe, which released its protocols for investment in retrofitting buildings on 29 February 2016. Building owners, project developers, finance and energy service providers, insurers, local authorities and utilities all stand to gain from the ICP system, which promises mass-scale financing for building renovation by standardising how energy efficiency projects are developed, maintained and measured.

“The ICP Europe project is key to put in place the right framework in order to unlock the financial stream needed to achieve the cost-effective potential of energy savings which exists in the buildings sector, therefore unleashing the multiple benefits linked to building renovation,” said Adrian Joyce, Secretary General of EuroACE.

EuroACE was a member of the ICP Europe Steering Group, providing technical insights into the ICP framework. The Energy Efficiency Financial Institutions Group (EEFIG) cited investor confidence as the top priority for transforming the energy efficiency market.