Junta de Extremadura sets up a guarantee fund with the aim of endorsing comprehensive projects to improve energy efficiency and renewable energies in residential buildings. This has been agreed after the meeting of the Executive Council of the Extremadura Energy Efficiency Guarantee Fund.

The Minister for Mobility, Transport and Housing, Leire Iglesias, has presided over the constitution of the Executive Council in which Alfonso Gómez Goñi, general director of Architecture and Building Quality; Miguel Bernal, CEO of Extremadura Avante; Lourdes Hernández, general director of Autonomous Financing and European Funds and Samuel Ruiz, general director of Industry, Energy and Mines have participated.

The Executive Council is formed after the Ministry of Mobility, Transportation and Housing signed an agreement with Extremadura Avante to enable this fund and after the approval of the agreement by the Governing Council.

The public guarantee fund is part of the European project HousEEnvest, endowed with 5 million, which plans to mobilize an investment of up to 35 million in the field of energy rehabilitation of homes, so the fundamental objective is to implement a regional financial instrument that solves the financing barriers in this matter.

It is a pioneering tool that offers guarantees on the loans that private financial entities grant for the rehabilitation of residential buildings and to carry out energy efficiency improvements. This instrument will be compatible with other grants from the Autonomous Administration aimed at rehabilitating and renovating the building stock in the region. In this way, objective 11 of the Sustainable Development Goals on sustainable cities and communities is promoted.

The final beneficiaries will be communities of households or individual homeowners who develop feasible projects that contribute to achieving an improvement in energy efficiency, energy savings, reduction of greenhouse gas emissions and increased comfort.

A total of 87,666 homes in collective buildings built before 1980 could benefit from it.

The projects must take into account financial sustainability and must be able to demonstrate the ability to repay the loan by guaranteeing the expected savings and achieving a reduction in polluting emissions and greenhouse gases (TCO2 / year). In addition, they must reduce final energy consumption (kWh / year), as well as promote greater energy savings and improved energy efficiency.