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INFINITE: INnovative FINancing models for sustaInable urban energy sysTEms

The goal of the INFINITE-project is to lay the foundations for a more wide-spread implementation of urban energy supply systems across buildings, using renewable energy sources produced in local supply units. At the same time the projects supports to reduce the demand for fossil fuels and higher-level energy infrastructure.

Short Description

Project financing may be one potential solution for large-scale renewable energy supply projects in urban development areas. Such a financing model requires cooperation among different actor groups, which is not the case to date in Austria.

Within the INFINITE-project innovative financing models are elaborated, which promote the implementation of sustainable urban energy systems, or respectively enable such large-scale investments.

The outcomes of the INFINITE-project empower other urban development areas in Austria and abroad to promote innovative financing models in a standardised way and at the same time enlarge the range of their services to increase the competitiveness of the stakeholders.

Status

Ongoing

Starting point / motivation

Ongoing urbanisation requires the development of numerous new urban development areas. At the same time more and more cities commit to policy strategies for sustainability and the development towards "smart cities".

One key aspect of a sustainable urban area is a renewable energy supply. Within the frame of the INFINITE-project the characteristics of sustainable urban energy supplies are the application of local supply units, the use of local renewable energy sources and the distribution across buildings.

The complexity of such projects and a lack of existing financing models make the realisation of large-scale sustainable urban energy supplies difficult. Without adequate stakeholder processes sustainable energy supply systems, linking several buildings, are not likely to be implemented. Instead, solutions for individual buildings using grid-bound, mostly fossil energy carriers continue to be applied.

Contents and goals

The goal of the INFINITE-project is to lay the foundations for a more wide-spread implementation of urban energy supply systems across buildings using renewable energy sources produced in local supply units. At the same time the projects supports to reduce the demand for fossil fuels and higher-level energy infrastructure.

Project financing may be one potential solution for large-scale renewable energy supply projects in urban development areas. A standardisation of such project financing solutions can reduce transaction costs and high initial investments in renewable energy systems can be borne.

The innovative element with project financing of a sustainable urban energy supply system to assure the energy supply with renewables across buildings in an urban development area is that such a financing model requires cooperation among different actor groups, which is not the case to date in Austria.

Methods

The adequate methods will be applied depending on the specific task:

  • Research and analysis of European good-practice examples as well as relevant process elements
  • Field trip and workshop with stakeholders of a good-practice urban development area in Europe
  • Topic specific interviews with various stakeholders with respect to the development a business plan (e.g. banks) and processes (e.g. housing companies, public authorities, etc.)
  • Testing of documents by means of an Austrian urban development area
  • Workshops with stakeholders
  • Advisory board meetings

Expected results

The main result of the project is the development of legal and organisational foundations for project financing and, therewith, the realisation of complex urban and renewable energy supply systems.

This includes the development of a model contract, an ideal type business plan as well as the preparation of a governance process guideline for municipal authorities.

The outcomes of the INFINITE-project empower other urban development areas in Austria and abroad to promote innovative financing models in a standardised way and at the same time enlarge the range of their services to increase the competitiveness of the stakeholders.

Project Partners

Project management

e7 Energie Markt Analyse GmbH

Project or cooperation partners

  • Wirtschaftsuniversität Wien, Forschungsinstitut für Urban Management and Governance
  • Energetic Solutions
  • TINA Vienna GmbH (Energy Center Wien)
  • gbv - Österreichischer Verband gemeinnütziger Bauvereinigungen

Contact Address

DI Stefan Amann
Walcherstraße 11/43
A-1020 Wien
Tel.: +43 (1) 907 80 26
E-mail: stefan.amann@e-sieben.at
Web: www.e-sieben.at

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