Alliance between Endesa, Bankinter and OHLA to facilitate energy rehabilitation in residents’ associations with european funds

• The agreement was signed by the CEO of Bankinter, María Dolores Dancausa; the CEO of Endesa, José Bogas; and Jose Antonio Fernández Gallar, CEO of OHLA.
• They have signed an alliance to develop a “turnkey” solution for the refurbishment of homes with the aim of making them more energy efficient and also to facilitate access to European Next Generation Funds.
• Endesa X and OHLA will jointly assume the role of “Rehabilitation Agent” and will jointly carry out feasibility studies to offer the community the optimal solution from the point of view of energy installations, building with sustainability criteria, energy savings and subsidies. Bankinter, for its part, will provide the necessary financing to carry out the energy refurbishment of these residential buildings until the arrival of the aid from the Next Generation European Funds.
• The Spanish government’s commitment to the rehabilitation of the housing stock and urban regeneration is ambitious, as this area will receive the second largest amount of capital from European funds. With these 6,820 million, between 40% and 80% of the total amount of the rehabilitation work will be subsidized, depending on the energy savings.

 

Endesa, through its business line Endesa X, Bankinter and OHLA have signed an alliance to launch a “turnkey” solution on the market that includes the design, construction of works and the provision of efficient technology. It also covers the grant processing so that residents’ associations can face the energy rehabilitation of their properties in the best possible way and facilitates access to subsidies from European Next Generation EU recovery funds. It is estimated that, on average, between 30% and 60% of energy consumption can be saved.

Endesa X and OHLA will jointly assume the role of “Rehabilitation Agent” and will jointly carry out feasibility studies to offer the community the optimal solution from the point of view of energy installations, construction, energy savings and subsidies. And Bankinter will manage the financing necessary to carry out the energy rehabilitation of these residential buildings until the arrival of the aid from the European Next Generation EU recovery funds. Residents’ associations will have immediate access to the financing necessary to undertake such improvements, which, in addition to environmental advantages, will provide significant savings in energy consumption, with a product adapted to the needs of each community and at very attractive market conditions.

This alliance represents a firm step forward for OHLA, Bankinter and Endesa in their commitment to build more sustainable cities. Thanks to this agreement, urban development and regeneration will be boosted, with a commitment to more inclusive, safe, resilient and sustainable spaces, as called for in Goal 11 of the Sustainable Development Goals approved by the UN in 2015.

Endesa X brings years of experience implementing energy saving and efficiency solutions. Its offer focuses mainly on three areas: energy efficiency solutions to reduce consumption; digital monitoring, optimization and energy management systems; and clean energy production systems. In addition, thanks to its capillarity, it is possible to provide service throughout Spain.

OHLA, for its part, has a know-how of more than 110 years of history in the rehabilitation of residential buildings, thus promoting the reduction of energy costs and well-being in homes. The company will export its experience in sustainable construction, in which it is a reference, using sustainability criteria through the application of techniques and processes based on innovation, usability of infrastructures and the contribution to the well-being of citizens.

The financing, which will be provided by Bankinter, will be articulated through a loan for an amount of up to one million euros, with a maximum term of 12 years, which does not require opening a bank account or contracting other additional products, and which is formalized with the digital signature of the community representative. In short, it is a simple, 100% online, non-binding contracting process, with the amount available in the Community’s account in less than 72 hours, and which represents a cultural change in the usual dynamics of homeowners’ associations by replacing the unpopular installments with flexible, long-term financing.

 

Energy efficiency and emission savings

One of the main causes of climate change is the excessive energy consumption of our buildings. In cities, the residential sector accounts for 18% of the country’s total energy consumption. In fact, the government’s commitment has been ambitious, as this area will receive the second largest amount of capital from European funds. The Housing Rehabilitation and Urban Regeneration Plan thus contemplates an allocation of about 6,820 million euros with which it will be possible to subsidize between 40% and 80% of the total amount of the rehabilitation work, depending on the energy savings.

The energy rehabilitation of housing is key for our country to achieve its decarbonization goals since, today, it is responsible for 8% of Spain’s total emission. Also, according to data from the INE and the Ministry of Development, the housing stock is very old: its average age exceeds forty years and it does not comply with energy saving and thermal insulation standards. Our country’s residential stock is made up of 25.7 million homes, of which around 19 million are primary residences. However, more than half of them were built before 1980, when the first regulations that included mandatory thermal insulation measures in buildings began to be approved.