the EU bank

Energy Savings including Energy Efficiency in Buildings

• Technical viability of energy savings projects to be assessed by qualified specialists.
• Investment in rehabilitation of existing buildings (insulation, boiler replacement and rehabilitation of heat transmission and energy management systems) identified by accredited experts in accordance with the Directive 2002/91/EC.
• Energy savings of 20% or more, compared to before the project is implemented.
• Energy savings of 15-20% may be eligible, if energy savings allows justifying a substantial part of the investment (at least 50%).

High efficiency Co-Generation of Heat and Power

• Technical viability of the project to be assessed by qualified specialists.
• Recommendations:
  
  • Hot water heat transfer medium; steam for industrial use only.
  • Modular construction with proven technology.
  • No waste incineration.
• Cogeneration units shall provide energy savings of at least 10% compared to separate production of heat and electricity using best available technology for the same fuel (see Directive 2004/8/EC for methodology and reference values).
• Small scale and micro cogeneration units, as defined by the Directive, providing positive energy savings compared to separate production of heat and electricity.

Wind Power

• Site selection, wind resource modelling and technical feasibility studies to be conducted by qualified specialists with proven experience.
• Recommendations:
  
  • Minimum 1 year, on-site wind measurements at hub height; 2 years strongly recommended.
  • Use standard proven technology.
  • Onshore sites only.
• Discounted electricity generating cost of 80 EUR/MWh or less (discount rate 5%, 15 years).

Hydro-Electric Plants

• Hydrological modelling and technical feasibility studies to be conducted by qualified specialists with proven experience.
• Recommendations:
  
  • Refurbishment / retrofitting of existing hydropower plants and irrigation dams.
  • Small and mini- run-of-river hydropower.
  • Detailed review for large-scale hydropower plants based on the recommendations of the International Committee of Large Dams (dam height greater than 15 meters, storage capacity of more than 10 million m³, or installed generating capacity greater than 20 MW).
• Discounted electricity generating cost of 80 EUR/MWh or less (discount rate 5%, 20 years) for base load production; higher discounted generating costs could be acceptable for dams producing medium and peak electricity.

Geo-Thermal

• Geothermal modelling and technical feasibility studies to be conducted by qualified specialists with proven experience.
• Recommendations:
  
  • No drilling risk.
• For projects producing electricity, discounted electricity generating cost of 80 EUR/MWh or less (discount rate 5%, 20 years).

Solar energy: Photovoltaic and Thermal Solar Panels

• Solar irradiation modelling and technical feasibility studies to be conducted by qualified specialists with proven experience.
• Recommendations:
  
  • Use proven technologies.

District Heating

• Technical viability of the project to be assessed by qualified specialists.
• Recommendations:
  
  • Rehabilitation or extension of existing systems.
• Long-term heat supply costs including all necessary rehabilitation must be competitive with individual heat boilers in buildings.
• Energy savings of 20% or more, compared to before the project is implemented.
• Energy savings of 15-20% may be eligible, if energy savings allows justifying a substantial part of the investment (at least 50%).