SER tackles current barriers to renovation for the third sector by offering an integrated renovation solution that combines affordable financing and technical assistance, thus enabling easy and accessible sustainable building renovations for non-profits.

This solution involves people-centric stakeholder engagement, standardised technical project design, impact monitoring, and up-front financing. The project aims to simplify renovation by digitising the renovation process and providing support through a streamlined ESCO service.

Finally, SER enables a flow of private capital into the non-profit sector, thus maximising social and environmental impacts.

Project pillars

Innovative Financing Mechanism. Design, set up, and implement an innovative de-risking financing mechanism in which energy service companies will be enabled to facilitate affordable sustainable building renovations in the third sector.

Technical Assistance. SER provides improved technical assistance services through demand stimulation, standardisation, and digitisation. This promotes community training and development, data centralization, and audit standardisation.

Social Assessment. Assess and capture the multiple benefits of energy efficiency and renewable energy renovations to ensure that investments have a strong social and environmental impact.

Scaling Across Europe. SER is focused on Italy, with further scaling foreseen in Bulgaria and France, and exploratory roundtables in Germany, Czech Republic, Slovakia, and Poland.

The project's impact goes well beyond energy savings. It creates social impact by mitigating energy poverty and improving social equality, health, wellbeing, productivity, financial literacy as well as overall social cohesion.

Partners

• GLOBAL NEW ENERGY FINANCE SL
• ECONOLER SA
• AGENZIA NAZIONALE PER LE NUOVE TECNOLOGIE, L'ENERGIA E LO SVILUPPO ECONOMICO SOSTENIBILE
• POLITECNICO DI MILANO
• FRATELLO SOLE SCARL
• SECOURS CATHOLIQUE
• CGM FINANCE SOCIETA COOPERATIVA SOCIALE IMPRESA SOCIALE

Start date: 1 May 2021 - End date: 30 April 2024