Investment activity is one of the IDAE'S strategic action lines. The aim is to promote projects which have a clear technological innovation component and have potential for replication.
The way in which the Institute takes part in projects depends on each specific case, the sector concerned, the technology involved and the turnover. The former statement is basically substantiated in the followint formulas:
Third-Party Finance (TPF): this is one of the most suitable mechanisms available to undertake investment projects in energy saving and efficiency and energy generation using various sources, including renewable energy ones. The IDAE, the main promoter of this financing mechanism in Spain, has been using it successfully since 1987.
Project Finance and Provision of Services: a financing mechanism applicable to projects investing in energy saving, energy efficiency and renwable energy sources, which have unergone a prior economic/technical feasibility analyis. It is a new model of financial collaboration which entails drawing up and signing two contracts: a framework collaboration and service provision contract and a project finance contract (i.e. a business loan).
Other participation forms by IDAE in energy projects:
Joint Ventures
Economic Interest Groupings (IEA)
Shares in corporations
Share accounts
Technology development agreements
IDAE aid programmes for strategic projects : This is IDAE’s support line aimed at financing energy saving and efficiency projects. The programme is set in the context of the IDAE's direct actions under Action Plan 2008-2012 for the Spanish Energy Saving and Efficiency Strategy 2004-2012 (E4).
Biomcasa Programme. Voluntary Agreement Programme with the firms in buildings. This Programme is meant to establish a financing system to promote a quality offer, adapted to sanitary hot water and cooling users’ needs in buildings with the use of biomass, the whole of it within the Renewable Energy Plan in Spain 2005-2010.
Geotcasa Programme. Geothermal Installation Financing in Buildings for Qualified Firms. This Programme aims to establish a financing system to promote a quality offer, adapted to sanitary hot water and cooling users’ needs in buildings with the use of biomass, the whole of it within the Renewable Energy Plan in Spain 2005-2010.
Solcasa Programme. Financing for Solar Thermal Installations in Buildings for Qualified Firms. This Programme aims to establish a financing system to promote a quality offer, adapted to sanitary hot water and cooling users’ needs in buildings with the use of biomass, the whole of it within the Renewable Energy Plan in Spain 2005-2010.
GIT Programme. Financing to qualified firms for large thermal Installations from renewable sources in the building sector. The launching of this financing programme responds to the need to boost the execution of large thermal energy production installations in the building sector, from the exploitation of renewable energies such as biomass, solar thermal and geothermal energies.