1. 1 2011. gada 15. marts From strategy to execution: experience in financing energy efficiency projects Ieva Tetere, Board member of SEB in Latvia

2. 2 To share longer term experience of financing energy efficiency and related projects To outline the areas of development in order to increase energy efficiency financing Main issues for today

3. 33 SEB: a leading Nordic financial institution and one of largest banks in Europe serving 4 000 000 private, 400 000 small and medium size and 2500 corporate and institutional customers worldwide in Latvia - a financial partner for more then 900 000 private and corporate customers 90% of all new funding in Latvia for 2010 was corporate related TOP 3 industries in Latvia regarding new lending in 2010: –Wood processing –Agriculture –Manufacturing SEB in Latvia is nominated as a reputation leader in banking sector for 2010 SEB – the trusted partner for financial solutions

4. 4 Achievements shape our future ambitions First apartment house renovation financed by SEB in 2004 2004-2007: 25 loans in amount less then 1 million lats 2008-2009: 21 loan in amount of 1.6 million lats 2009: ERAF program with 50% co finance 2010: 33 loans in amount of 2.2 million lats More than 100 houses have agreement for EU funding and started renovation process, ~60% financed by SEB

5. 5 Success story – Ventspils, Brīvības Street 33/35 “House keeper” - municipality owned company Nr. of apartments - 35 Loan - 50 000 LVL (50% by ERAF) Duration - 12 years Done - heat insulation of buildings, change of warm water regulation, heat insulation of drainpipes, maintenance of heating system

6. 6 Success story – Liepāja, Klaipēdas 84 “House keeper” - apartment union “Klaipēdas 84” Nr. of apartments - 60 Loan - 196 350 EUR (50% by ERAF) Duration - 15 years Done - heat insulation of buildings, maintenance of staircase, change of windows and doors for common use areas, renovation of ventilation systems, maintenance of heating system

7. 7 Success story – Ropaži, Rīgas Street 14 “House keeper” - apartment union “Pirmā māja” Nr. of apartments - 12 Loan - 67 000 EUR (50% by ERAF) Duration - 15 years Done - heat insulation of buildings, change of windows, maintenance of heating system.

8. 8 Even more – SEB stands for energy efficiency on a broader scale In 2010 SEB granted 5,25 million euro for “Kuldīgas siltumtīkli “ - SIA "Kuldīgas siltumtīkli" is a company owned by Kuldīga district municipality - The loan goes for construction of biomass cogeneration electro station - The aim: to increase the production of heating and increase the usage of energy In 2009 SEB granted more then 2 million euro for farm "Līgo“ - The loan goes for construction of biogas production unit

9. 9 More renovation projects, more questions The main challenge ahead: To agree on renovation (as at least 60% of inhabitants should agree on this activity) – I take care only about my apartment! To diminish potential issues/problems regarding: - lack of renovation quality - lack of energy audits quality - lack of procurement quality Suggestion: Need for public discussions and competence sharing: - awareness, - access to financial tools, - process and end quality, - benefits for renovation and related initiatives.

10. 10 Thank you for your attention!