Alternative funding lines for the bioenergy sector besides the classic mechanisms

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Source: SMA Solar

Expobiomasa includes the BIOFINANCE workshop on 23rd September in Valladolid

The aim of BIOFINANCE is to provide information on alternative lines for funding the bioenergy sector besides the classic mechanisms. There will be an introduction to the various tools currently existing nationally that enable income directly linked to improvements in energy efficiency and the volume of avoided greenhouse gases. There will also be a space for explaining the currently available mechanisms for dealing with initiatives for internationalisation and access to overseas markets linked to the transition towards a low-carbon economy.

Funding lines: Energy Efficiency Improvement

Maria Jesús Romero from El Cubo Verde will explain the operating mechanism and the main application procedures for accessing lines of support from MINETUR, recently passed for energy efficiency and savings projects. The Ministry of Industry, Energy and Tourism, through the Institute for Energy Diversification and Saving (IDAE), has recently set up the following programmes for aiding and funding that can benefit the development of biomass installations:

  • Aid programmes for energy rehabilitation in existing buildings (PAREER-CRECE): Supports the substitution of conventional energy for biomass in thermal installations (nominal thermal heat generation >40 kW). Financing of up to 90%, at Euribor+0,0% over 12 years is envisaged for biomass installations, with aid of under 25% (cash with no consideration).
  • Aid programme for SME's and large enterprises in the industrial sector for undertaking actions to improve energy efficiency and implement energy management systems. These grants are implemented as cash provided without consideration, with a maximum amount of 30% of the corresponding eligible investment.

Funding lines for reducing greenhouse gas emissions

By 2020 Spain must have reduced its CO2 emissions in the so-called diffuse sectors by 10% compared to 2005. The Spanish Climate Change Office, part of the Agriculture, Environment and Food Ministry MAGRAMA, is responsible for acquiring verified emissions reductions from Clima Projects in order to help reach this target. 67% of all Clima applications passed in 2014 were for bioenergy projects.

Jorge Paz from the Fundación Tecnalia R&I will talk about AVEBIOM's Canal Clima, an example of simplified access to climate funding. The ICEX will present the currently available mechanisms for tackling initiatives for internationalisation and access to foreign markets linked to the transition towards a low-carbon economy.

The European Union is defining strategies for increasing the use of renewable energies and improving energy efficiency, which will lead to a decrease in CO2 emissions; however, one of the main hurdles is the difficulty encountered by players in the biomass sector when obtaining funding for these projects from both public and private sources.

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