• There is a need for actions to:
  • increase the awareness and trust of building owners and tenants towards products, services, and players in the renovation market,
  • improve standardised technical procedures to reduce costs and improve the quality of services offered by reliable market operators,
  • improve the financing conditions of the investment plans targeting the renovation of the houses offered by the One Stop Shops.

  Integrated renovation services require efforts to bring together all segments of stakeholders, a difficult but crucial task to achieve energy efficiency goals.

  The implementation quality of integrated renovation services is essential.

The efforts for ESCO regulations in Romania are continued and are expected to be finalised this year. The process also includes consultations with stakeholders. Two members of SMAFIN Working Group are members of the Ministry’s ESCO Working Groups, thus way a synergy between the ministry and SMAFIN activities is assured.

A procedure to verify the capabilities of the ESCO which will enter the market once the regulations are operational should be considered.

The need for qualified energy experts will increase and the academic training should better cover the energy efficiency domain.

The banks should be more involved/invited as main stakeholders in the process of the ESCOs regulatory framework approval.

The banks are ready to be involved soon in the European money stream for EE, in complex financing mechanisms, with credits multiplying the grants. This message was clearly expressed during the discussions by BCR Bank, the largest bank in Romania in terms of assets.

The Long Term Renovation Strategy has embedded the need to integrate the different financing schemes in a consolidated programme covering the different market segments avoiding competition between different governmental programmes and facilitating coordination and coherence, especially from the point of view of the beneficiary.

Launching the different programmes in the market is challenged by the availability of mature projects ready for financing considering deep renovation involves complex investments requiring time for project preparation and implementation.

There is a lack of a comprehensive analysis of the institutional capacity and of the construction industry capability to manage the funds and, respectively, perform the ambitious targets regarding the renovation of the building.