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Deutsche Bank signs a protocol with the IDAE for energy rehabilitation in buildings


Deutsche Bank Spain has signed a collaboration protocol with the Institute for the Diversification and Saving of Energy (IDAE), under the Ministry for the Ecological Transition and the Demographic Challenge, whose objective is to complement the new Program of Aid for Energy Rehabilitation Actions in Existing Buildings (PREE), according to a statement.

With this agreement signed on December 9, Deutsche Bank is among the first financial institutions to sign a protocol of this type with IDAE, related to Directive 2018/844 of the European Union on the long-term strategy to support the renovation of national parks of residential and non-residential buildings, both public and private.

This regulation establishes the objective of achieving high energy efficiency in the European real estate stock and its total decarbonisation before 2050. In Spain, the National Integrated Energy and Climate Plan 2021-2030 (PNIEC) has set the energy rehabilitation of 1, 2 million homes by 2030 and 5 million square meters per year in the tertiary sector.

The IDAE program, which will run until July 2021, is endowed with 300 million euros from the National Fund for Energy Efficiency, which is co-financed by the European Regional Development Fund (Feder).

Direct aid will be managed through the Autonomous Communities under the supervision of the IDAE and will necessarily be linked to improving the energy efficiency of buildings and, therefore, to reducing energy consumption and carbon dioxide emissions. carbon (CO2).

“80% of this aid will go to residential buildings, which are one of Avanza Credit’s main business niches,” said the head of Avanza Credit, Jorge Sáenz de Miera.

Although the Royal Decree contemplates the possibility of providing the beneficiaries of the aid with advances of up to 100% of the aid, the experience of the calls carried out so far has highlighted the need to complement the non-refundable aid with loans addressed to the recipients of these measures.

From the IDAE, however, they have confirmed the difficulty that homeowner communities have, in particular, to access loans for energy rehabilitation, due to lack of information or specific financing lines.

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