The Main Challenge
Lack of affordable financing and technical support in building renovation
The third sector or non-profit sector includes a range of non-profit organisations, associations, foundations, cooperatives, mutual associations, and social enterprises providing a broad range of services responsible for driving the social economy. This sector is composed of 28.3 million workers, representing 13% of the European workforce, and generates significant social impact.
Yet, it remains underserved by the financial industry making it challenging for non-profits to obtain the financing necessary to sustainably renovate their buildings. The lack of financing has played a large part in the absence of third sector building renovations, as non-profit organisations typically do not have the means to fund renovations with their own resources or obtain cheap funding.
Our Integrated Solution
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.
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.
SER provides improved technical assistance services through demand stimulation, standardisation, and digitisation. This promotes community training and development, data centralization, and audit standardisation.
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.
Perform market research, profile third sector buildings and design the financing instrument
Launch the financing platform and technical assistance service in Italy
Gain traction in Italy and adapt and replicate in other European countries
of CO2 emissions saved within the project duration
of renewable energy generated within the project duration
reduction in energy consumption within the project duration
jobs will be created by 2029
generated in clean energy
investments by 2029
News & Events
Past and future SER-related news and events
EUSEW Sustainable Energy Days: Fostering Sustainable Renovations in the Third sector
October 28, 2021
In light of the ambitious target set by the European Commission to make the EU the first carbon neutral continent by 2050, this event served as a platform to exchange lessons learnt and best practices supporting the uptake of sustainable and energy efficient measures in Europe’s social and non-profit sectors. Read more here.
ENEA Official Press Release (Italian)
June 10, 2021
SER enables sustainable building renovations in Italy's non-profit sector, but its benefits go beyond energy savings. In the next 5 years €200M will be invested in clean energy, 3000 jobs will be made & 900 tons of carbon dioxide will be mitigated. Read ENEA's full press release here.
SER Kick-off Meeting
May 25 & 26, 2021
The SER Project offically kicked-off in a hybrid setting, with several partners having participated digitally in the project's first Consortium Meeting hosted in Milan, Italy. Partners engaged in productive discussions about how to foster sustainable renovations in Italy's non-profit sector via the removal of their financial and technical barriers, and explored SER's replication in other EU countries.
Learn more about SER
and how the project stimulates sustainable renovation in the third sector
SER brings together 7 organisations from 4 EU countries
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