Last update: 23 August 2022

Buildings in the content of the Plan (extracted from the REC/E3G Greek Country Profile)


Greece has requested a total of €30.5bn in support under the Recovery and Resilience Facility including €17.8 bn in grants and €12.7bn in loans. Energy renovation of buildings features throughout the Plan both as an individual sub-component as well as part of wider investment across the public sector, with total funding amounting to €4.1bn. Notably, nearly €1.3bn are earmarked for investing in energy savings in homes, with a further €350m allocated to adaptation and further energy efficiency as part of regeneration plans. A separate Loan Facility will provide close to €1.4bn for energy efficiency and demonstration projects in SMEs or large enterprises alongside €450m in the form of grants. Funding is also provided in specific industries like tourism (€119m) and education and vocational training (€108m), bringing the total for business/commercial sector to just over €2bn. €200m is dedicated to public sector buildings and energy infrastructure of public entities. Further funding is allocated for energy renovation of health infrastructure (€189m) and the justice system (€27m). Energy efficiency of buildings features as part of other modernisation programmes, but precise allocations are unclear. Some funding is in place for new buildings as well and for some reforms like a review urban planning practices. They have not been included in the chart below.

Read the full Greek Country Profile here.

Disbursements’ timeline


  • 2021-08-09: The European Commission disbursed €4 billion in pre-financing to Greece (13% of its financial allocation under the RRF, fully consisting of grants). It is split between EUR 2.310.092.538 in grants and EUR 1.654.580.060 in loans.
  • 2021-12-21: Greece and the European Commission sign the Operational Arrangements.
  • 2021-12-29: Greece submitted the first payment request of €3.6 billion (net of pre-financing). This first payment request relates to 15 milestones covering several reforms.
  • 2022-02-28: The Commission published a positive preliminary assessment of the satisfactory fulfilment of all 15 milestones and targets in relation to the first payment request.
  • 2022-04-08: The Commission disbursed the first payment of €3.6 billion to Greece.

Indicative timeline for future payment requests (based on the signed operational arrangements)


Grants

Payment Request for the First Instalment EUR 1.974.438.067 Q4 2021
Payment Request for the Second Instalment EUR 1.974.438.067 Q2 2022
Payment Request for the Third Instalment EUR 1.974.438.067 Q4 2022
Payment Request for the Fourth Instalment EUR 1.974.438.067 Q2 2023
Payment Request for the Fifth Instalment EUR 1.974.438.067 Q4 2023
Payment Request for the Sixth Instalment EUR 1.974.438.067 Q2 2024
Payment Request for the Seventh Instalment EUR 1.974.438.067 Q4 2024
Payment Request for the Eight Instalment EUR 1.974.438.067 Q2 2025
Payment Request for the Ninth Instalment EUR 1.974.438.067 Q4 2025

 

Loans

Payment Request for the First Instalment EUR 2.121.256.487 Q4 2021
Payment Request for the Second Instalment EUR 2.121.256.487 Q4 2022
Payment Request for the Third Instalment EUR 2.121.256.487 Q4 2023
Payment Request for the Fourth Instalment EUR 2.121.256.487 Q4 2024
Payment Request for the Fifth Instalment EUR 2.121.256.487 Q4 2025
Payment Request for the Sixth Instalment EUR 2.121.256.485 Q2 2026

Table of buildings' measures (categorised under their specific instalments)


Grants

Progress Measure Estimated Costs (EUR m) Milestone
Implemented Investment: Energy renovation on residential buildings (measure ID: 16872) 1 253 Entry into force of a Joint Ministerial Decision to launch the programme for the first round renovations including setting up a selection process to ensure that the primary energy consumption of residences is reduced by at least 30% compared to the residence’s initial performance calculated in kWh/m2.
The Joint Ministerial Decision shall set out:
– Implementation mechanism;
– Selection process to achieve set primary energy saving target;
– Certification mechanism to validate actual primary energy savings achieved (incl. details of possible corrective actions to ensure that primary energy saving target is met); and
– Timeline.
Implemented Reform: Energy poverty action plan (measure ID: 16920) Entry into force of a Ministerial Decision by the Ministry of Environment and Energy adopting the Energy Poverty Action Plan, with three categories of policy measures in the Plan:
– Awareness and information measures;
– Measures for the short-term protection of the energy poor households, including (1) the definition of households experiencing energy poverty, through specific quantitative criteria, and (2) a specific process to monitor and evaluate the evolution of energy poverty, in line with the mechanism proposed within the Action Plan and in accordance with relevant EU legislation; and
– Financing measures: establishment of funding mechanisms for the energy upgrade of residential buildings of energy-vulnerable households and other social groups with specific electricity consumption patterns. These financial measures shall address the energy poverty issues in Greece, as described under the National Energy and Climate Plan (NECP).
Implemented Investment: New Judicial buildings and renovations (measure ID 16292) 69 (constr.)
27 (renov.)
Compilation of a list of buildings not affected by the revision of the judicial map.
Not implemented Reform: Amendment of the legal framework for the attraction of strategic investment (measure ID 16593): Construction of new energy efficient buildings 40 Investments eligible for financing shall include projects that promote innovation or technology diffusion, use of renewables and transition to low carbon economy, and/or that significantly promote the competitiveness of the Greek economy at international level. Eligible investments shall comprise of investments in construction of new energy efficient buildings and support to enterprises that provide services contributing to the low carbon economy and to resilience to climate change, namely a) infrastructure with specific energy criteria for the construction of new buildings, b) hybrid power generation projects from RES in unconnected islands c) investments for the production of green hydrogen, d) systems for electric power storage produced from RES, and e) installations of offshore wind parks and offshore photovoltaic parks. The construction of new buildings shall comply with a Primary Energy Demand (PED) that is at least 20% lower than the NZEB requirement (nearly zero-energy building, national directives).
Progress Measure Estimated Costs (EUR m) Milestone
Not implemented Investment: Tourism Development (measure ID 16931) 111 + 7 + 1 (1) Tourist Development: Entry into force of legislation to reform the legal framework for tourist ports law to encourage new investments, including amendment of provisions relating to installation and operation licensing in line with the Investment Licensing Law 4442/2016.
(2) Tourist Development: Entry into force of legislation to reform the legal framework for ski resorts to encourage new investments, including amendment of provisions relating to installation and operation licensing in line with the Investment Licensing Law 4442/2016.
(3) Tourism Development: Establishment of Project Management Office for supervision of investments in upgrade of Tourist ports.
Not implemented Investment: New Industrial Parks (measure ID 16634) 7 Launch of all competitive calls for proposals (completion of construction by Q4 2025) for the development of industrial parks for investments.
Not implemented Investment: Economic transformation on the Agricultural Sector (measure ID 16626) 62 A dedicated part of the investments shall provide support on energy upgrade of production units and buildings, mechanical equipment with low energy consumption for the modernisation of the existing production units.
Progress Measure Estimated Costs (EUR m) Milestone
Not implemented Investment: Energy renovation on residential buildings (measure ID: 16872) 1 253 Entry into force of a Joint Ministerial Decision to launch the programme for the second round renovations and the launch of the Programme for the energy poor residences. Specific provision for earmarked funds to target energy poor residences, as defined by criteria of the energy poverty action plan.
Not implemented Investment: Energy renovation on residential buildings (measure ID: 16872) 1 253 Entry into force of a Joint Ministerial Decision to launch the programme for the third round renovations.
Not implemented Reform: Preparation of Urban Plans in implementation of the urban policy reform (measure ID: 16879) 250 Notification of award of 30% of all contracts (for all interventions).
Not implemented Investment: New Judicial buildings and renovations (measure ID 16292) 69 (constr.)
27 (renov.)
Adjustment of the list of projects in alignment with the revision of the judicial map as adopted in the law. Launch of the tenders regarding administrative courts.
Not implemented Investment: New system for Public Procurements (measure ID 16736) 17 Award of the contract for the project new system for Public Procurement by Q4 2022. By Q4 2025, completion of the new system for Public Procurements including (9) Building Information Modelling (BIM) system.
Progress Measure Estimated Costs (EUR m) Milestone
Not implemented Olympic Athletic Center of Athens (ID: 16932) 11 Notification of the award of the contract(s) for the appointment of private sector partner(s) to carry out, by end-2023, the construction and renovation works that shall enhance energy efficiency for (i) Central Stadium; (ii) Mechanical and Electrical works; and (iii) outdoor areas and start of works.
Not implemented Investment: Interventions in residential areas and in the building stock (measure ID: 16873) 160 + 116 + 77 + 47 Notification of the award of the contract(s) for the appointment of private sector partner(s) to carry out, by 30 September 2025, the works for the
(i) improvement of urban environment and public space in selected municipalities following an open call aiming to strengthen climate resilience;
(ii) urban regeneration of the ex-industrial area of Votanikos / Elaionas, including public re-use of the Navy military camp, renovation of the Agricultural University of Athens (AUA) campus;
(iii) Athens Riviera: cycling infrastructure; and
(iv) other strategic interventions, which shall be selected, following an open call to municipalities covering:
(1) energy efficiency and demonstration projects in SMEs or large enterprises and achieving, at least, a medium-depth level renovation as defined in Commission Recommendation on Building Renovation (EU) 2019/786, or, on average, at least a 30% reduction of direct and indirect GHG emissions compared to the ex-ante emissions;
(2) construction of new energy efficient buildings and with a Primary Energy Demand (PED) that is, at least, 20% lower than the NZEB requirement (nearly zero-energy building, national directives); and (3) nature and biodiversity protection, natural heritage and resources, green and blue infrastructure.
Not implemented Investment: Energy and entrepreneurship (measure ID: 16874) 450 Approval by the Ministry of Environment and Energy of applications of 9.700 private sector entities ensuring that the greenhouse gas (GHG) emissions is reduced, on average, by at least 30% compared to the private sector entities’ existing situation (as indicated through the energy audits performed prior to the interventions).
Not implemented Investment: Energy upgrade of public sector buildings and energy infrastructure of public entities (ID: 16876) 200 Approval by the Ministry of Environment and Energy of applications for 210 public sector buildings ensuring that the GHG emissions of these respective buildings is reduced by, on average, at least 30% compared to their existing situation (as indicated through the energy audits performed prior to the interventions).
Not implemented Investment: New Judicial buildings and renovations (measure ID 16292) 69 (constr.)
27 (renov.)
Award of contracts for construction projects not affected by the revision of the judicial map.
Progress Measure Estimated Costs (EUR m) Milestone
Not implemented Investment: New Judicial buildings and renovations (measure ID 16292) 69 (constr.)
27 (renov.)
Adjustment of the list of projects in alignment with the law on the revision of the judicial map. Launch of the tender for the projects regarding civil and penal courthouses included in the revised list of renovations.
Not implemented Investment: Energy renovation on residential buildings (measure ID: 16872) 1 253 8.000 certified renovations completed. Renovations to improve energy efficiency completed for the number of residences, equivalent to energy reduction of 30 ktoe and with primary energy savings, on average, of at least 30%. The certification issued by the Hellenic Development Bank shall provide verification of the primary energy savings achieved as confirmed by the General Directorate of the Body of Inspectors and Auditors. The certificate shall be submitted on the electronic platform https://www.buildingcert.gr/
Not implemented Reform: Preparation of Urban Plans in implementation of the urban policy reform (measure ID: 16879) 250 Notification of award of 100% of all contracts (for all interventions).
Not implemented Reform: Active Labour Market Policies Reform (measure ID: 16747): Contributing to green skills and jobs and the green economy 100 Successful completion of a comprehensive upskilling/reskilling and short-term employment programme for at least 13 500 unemployed workers (aged 25-45) out of the total 15 000 beneficiaries. 19% of allocated funds are expected to contribute to green skills and jobs and the green economy.
Not implemented Reform: Reform of the Primary Health Care System (measure ID: 16755): Energy efficiency renovation or energy efficiency measures regarding public infrastructure 189 By Q4 2023, notification of award of contracts sent by the Ministry of Health to contractors for the renovation of at least 156 Health Centres (50% of total Health Centres in Greece) that shall upgrade through energy efficient renovations and energy efficient measures regarding the public infrastructure and medical equipment. The notification of award shall be accompanied by a sample contract specifying a timeline for completion supporting the completion date Q4 2025 and by a report highlighting main features of the works to be undertaken.
Not implemented Investment: Tourism Development (measure ID 16931) 111

7

1

Contract award process for Tourist port upgrades to improve energy efficiency shall be completed.
Not implemented Reform: Amendment of the legal framework for the attraction of strategic investment (measure ID 16593): Construction of new energy efficient buildings 40 Investments eligible for financing shall include projects that promote innovation or technology diffusion, use of renewables and transition to low carbon economy, and/or that significantly promote the competitiveness of the Greek economy at international level. Eligible investments shall comprise of investments in construction of new energy efficient buildings and support to enterprises that provide services contributing to the low carbon economy and to resilience to climate change, namely a) infrastructure with specific energy criteria for the construction of new buildings, b) hybrid power generation projects from RES in unconnected islands c) investments for the production of green hydrogen, d) systems for electric power storage produced from RES, and e) installations of offshore wind parks and offshore photovoltaic parks. The construction of new buildings shall comply with a Primary Energy Demand (PED) that is at least 20% lower than the NZEB requirement (nearly zero-energy building, national directives).
Not implemented Investment: Museum of underwater antiquities (measure ID 16486) 54 Contract award on Museum of underwater antiquities by Q4 2023. By Q4 2025, completion of Museum of underwater antiquities: (1a) completion of energy efficiency works and (1b) organisation of permanent exhibition creating substantial added value for tourism and culture for Piraeus and the wider Athens area.
Progress Measure Estimated Costs (EUR m) Milestone
Not implemented Olympic Athletic Center of Athens (ID: 16932) 11 Completion of all works to achieve energy efficiencies and improve carbon footprint.
Progress Measure Estimated Costs (EUR m) Milestone
Not implemented Investment: Energy renovation on residential buildings (measure ID: 16872) 1 253 50.000 (baseline 8.000) certified renovations completed.
Progress Measure Estimated Costs (EUR m) Milestone
Not implemented Investment: Energy renovation on residential buildings (measure ID: 16872) 1 253 105.000 (baseline 50.000) certified renovations completed.
Not implemented Investment: Energy renovation on residential buildings (measure ID: 16872) 1 253 Completion of interventions to achieve energy savings for at least 50 000 energy-poor households equivalent to primary energy savings, on average, of at least 30% for the entire investment.
Not implemented Investment: Interventions in residential areas and in the building stock (measure ID: 16873) 160 + 116 + 77 + 47 Complete all works under
(i) Interventions aiming to improve urban environment and public space;
(ii) Urban regeneration of the ex-industrial area of Votanikos / Elaionas;
(iii) Athens Riviera: cycling infrastructure; and
(iv) Other strategic interventions.
Not implemented Investment: Infrastructure development and buildings’ restoration in former royal estate in Tatoi (measure ID: 16875) 40 Complete all works under the ‘Infrastructure development and buildings’ restoration in former royal estate in Tatoi’ programme, including:
(i) infrastructure works;
(ii) restoration of the palace to be reused as a Museum;
(iii) exhibition of the palace;
(iv) restoration of the agricultural building and reuse as a museum;
(v) museological study for the new agricultural building;
(vi) restoration of palace gardens;
(vii) conservation and restoration of artefacts;
(viii) recording, documentation and registration of artefacts; and
(ix) digitization of found paper archival material.
Not implemented Investment: Energy and entrepreneurship (measure ID: 16874) 450 Interventions to improve energy efficiency completed for selected private sector entities (9 700 private sector entities) with GHG emissions reduction, on average, of at least 30%.
Not implemented Investment: Energy upgrade of public sector buildings and energy infrastructure of public entities (ID: 16876) 200 Interventions to improve energy efficiency completed for public sector buildings (210 buildings) with GHG emissions reduction, on average, of at least 30%, as indicated through the energy audits performed prior to the interventions.
Not implemented Reform: Preparation of Urban Plans in implementation of the urban policy reform (measure ID: 16879) 250 Completion of local urban plans in 700 municipal units, development Rights Transfer Zones in 50 municipal units; delimitation of settlements in 50 municipal units; and characterizations of municipal roads in 120 municipal units and completion of 5 Special Urban Plans. Altogether, and considering that some of these actions are carried out in the same municipal unit, actions shall be completed in 750 municipal units.
Not implemented Reform: Strengthening the Apprenticeship System (measure ID: 16794):

 

Energy efficiency renovation or energy efficiency measures regarding public infrastructure

108 Completion of digitisation of at least 250 training courses of the OAED Apprenticeship Vocational Schools (EPAS). The objective of the measure is to simplify learning processes and incorporate new methodologies and tools such as e-learning platforms and digitalized training content, both for apprentices and trainers. The completed construction and renovation works shall achieve, on average, at least a medium-depth level renovation as defined in Commission Recommendation on Building Renovation (EU) 2019/786 or (b) to achieve, on average, at least a 30% reduction of direct and indirect GHG emissions compared to the ex-ante emissions.
Not implemented Reform: Reform of the Primary Health Care System (measure ID: 16755):

 

Energy efficiency renovation or energy efficiency measures regarding public infrastructure

189 By Q4 2023, notification of award of contracts sent by the Ministry of Health to contractors for the renovation of at least 156 Health Centres (50% of total Health Centres in Greece) that shall upgrade through energy efficient renovations and energy efficient measures regarding the public infrastructure and medical equipment. The notification of award shall be accompanied by a sample contract specifying a timeline for completion supporting the completion date Q4 2025 and by a report highlighting main features of the works to be undertaken.
Not implemented Investment: Health Infrastructure (measure ID: 16795):

 

NHS Hospital Renovation and Infrastructure Upgrade

317 By Q4 2025, completion of the construction and infrastructure upgrade, including electromechanical and electrotechnical infrastructure, accommodation facilities and infrastructure with amenities, medical equipment and devices, and conclusion of contracts for service level agreements (SLAs) and facility management for all 80 affected hospitals across the seven regions.
Not implemented Investment: Project for the construction of a building dedicated to Cellular & Gene Therapies and Hematology Clinic Laboratories within the General Hospital of Thessaloniki “Papanikolaou” (measure ID: 16793) 6 By Q4 2025, completion of new three-stories building to house all specialized laboratories and special nursing unit; restructuring of the ground floor of the existing building to have enough space for outpatient clinics and day care for Papanikolaou Hospital and shall achieve a Primary Energy Demand (PED) that is at least 20% lower than the NZEB requirement (nearly zero-energy building, national directives
Not implemented Investment: New Judicial buildings and renovations (measure ID 16292) 69 (constr.)
27 (renov.)
Completion of all remaining new buildings and renovations launched in Q1 2023 in line with the needs of the revised judicial map.
Not implemented Investment: New system for Public Procurements (measure ID 16736) 17 Award of the contract for the project new system for Public Procurement by Q4 2022. By Q4 2025, completion of the new system for Public Procurements including (9) Building Information Modelling (BIM) system.
Not implemented Investment: Tourism Development (measure ID 16931) 111 + 7 + 1 Tourism Development:
(1a) Completion of specified upgrading works on tourist ports to encourage tourism and private investments.
(1b) Completion of other tourism interventions to promote alternative forms of tourism and extent the season, including:
– Green Development: improving destination management through the creation of local Destination Management office and associated Sustainable Tourism Observatories; development of mountain tourism covering energy efficient renovations of public infrastructure and installation of new renewable energy sources’ capacity (wind); health and wellness tourism through thermal spring utilization; promotion of agro-tourism and gastronomy.
– Blue Development: upgrade interventions to improve the governance, infrastructure and services offered in marinas, accessibility to beaches for older people and persons with disabilities, and to promote the development of diving & underwater tourism.
Not implemented Investment: New Industrial Parks (measure ID 16634) 7 Launch of all competitive calls for proposals (completion of construction by Q4 2025) for the development of industrial parks for investments.
Not implemented Investment: Economic transformation on the Agricultural Sector (measure ID 16626) 62 A dedicated part of the investments shall provide support on energy upgrade of production units and buildings, mechanical equipment with low energy consumption for the modernization of the existing production units.
Not implemented Reform: Amendment of the legal framework for the attraction of strategic investment (measure ID 16593): Construction of new energy efficient buildings 40 Investments eligible for financing shall include projects that promote innovation or technology diffusion, use of renewables and transition to low carbon economy, and/or that significantly promote the competitiveness of the Greek economy at international level. Eligible investments shall comprise of investments in construction of new energy efficient buildings and support to enterprises that provide services contributing to the low carbon economy and to resilience to climate change, namely a) infrastructure with specific energy criteria for the construction of new buildings, b) hybrid power generation projects from RES in unconnected islands c) investments for the production of green hydrogen, d) systems for electric power storage produced from RES, and e) installations of offshore wind parks and offshore photovoltaic parks. The construction of new buildings shall comply with a Primary Energy Demand (PED) that is at least 20% lower than the NZEB requirement (nearly zero-energy building, national directives).
Not implemented Investment: Upgrade of infrastructure, renewal of equipment and upgrade of quality of services provided by HOCRED Stores – former ARF Stores (On-spot and electronic) (measure ID 16536) 3 This investment comprises energy efficiency measures, renovations, construction of the shops and workshops and provision of equipment for the physical and on-line stores and upgrades of the quality of services provided by the Hellenic Organization of Cultural Resources Development (HOCRED), which collects the proceeds from archaeological sites, historical sites, monuments and archaeological museums in Greece and manages these resources to support Greece’s cultural heritage.
Not implemented Investment: Museum of underwater antiquities (measure ID 16486) 54 Contract award on Museum of underwater antiquities by Q4 2023. By Q4 2025, completion of Museum of underwater antiquities: (1a) completion of energy efficiency works and (1b) organisation of permanent exhibition creating substantial added value for tourism and culture for Piraeus and the wider Athens area.
Not implemented Culture as a driver of growth (ID: 16293) 30 Completion of Culture as a driver for Growth Finalisation of sub-projects covered in Q2 2023 and completion of remaining contracts regarding the digital transformation of cultural production and distribution: providing support to Cultural and Creative Industries (CCIs) regional strategies; providing support to local craft ecosystems; broadening the use of archaeological sites and monuments as venues and events sites; promotion of the film industry. Completion of energy efficient renovations and energy efficiency measures regarding public infrastructure, demonstration projects and supporting measures by upgrading existing public buildings.

Loans

Progress Measure Estimated Costs (EUR m) Milestone
Implemented Investment: Loan Facility (measure ID 16980):
– Energy efficiency and demonstration projects in SMEs or large enterprises
– Smart Energy Systems
– Other renewable energy
– Digitalisation of large entreprises
– Digitalisation of SMEs
1 398 + 445 + 206 + 770 + 330 Signature of the operational agreements between the Ministry of Finance, and at least one International Financial Institution.
Implemented Launch of call for the selection of commercial banks.
Progress Measure Estimated Costs (EUR m) Milestone
Not implemented Investment: Loan Facility (measure ID 16980):
– Energy efficiency and demonstration projects in SMEs or large enterprises
– Smart Energy Systems
– Other renewable energy
– Digitalisation of large entreprises
– Digitalisation of SMEs
1 398 + 445 + 206 + 770 + 330 Signature of the mandate agreement between the Ministry of Finance and the Hellenic Development Bank for Investments, that shall manage the Mezzanine Fund of Funds and the Innovate Now Equifund.
Not implemented Signature of the InvestEU Contribution Agreement between the Ministry of Finance and the European Commission.
Not implemented EUR 586.4 million (including management fees) of RRF loan facility funds related to International Financial Institutions and commercial banks have been signed with the final beneficiaries.
Progress Measure Estimated Costs (EUR m) Milestone
Not implemented Investment: Loan Facility (measure ID 16980):
– Energy efficiency and demonstration projects in SMEs or large enterprises
– Smart Energy Systems
– Other renewable energy
– Digitalisation of large entreprises
– Digitalisation of SMEs
1 398 + 445 + 206 + 770 + 330 EUR 3518.4 million (including management fees) of RRF loan facility funds related to International Financial Institutions and commercial banks have been signed with the final beneficiaries.
Progress Measure Estimated Costs (EUR m) Milestone
Not implemented Investment: Loan Facility (measure ID 16980):
– Energy efficiency and demonstration projects in SMEs or large enterprises
– Smart Energy Systems
– Other renewable energy
– Digitalisation of large entreprises
– Digitalisation of SMEs
1 398 + 445 + 206 + 770 + 330 EUR 5864 million (including management fees) of RRF loan facility funds related to International Financial Institutions and commercial banks have been signed with the final beneficiaries.
Progress Measure Estimated Costs (EUR m) Milestone
Not implemented Investment: Loan Facility (measure ID 16980):
– Energy efficiency and demonstration projects in SMEs or large enterprises
– Smart Energy Systems
– Other renewable energy
– Digitalisation of large entreprises
– Digitalisation of SMEs
1 398 + 445 + 206 + 770 + 330 EUR 9382.4 million (including management fees) of RRF loan facility funds related to International Financial Institutions and commercial banks have been signed with the final beneficiaries.
Progress Measure Estimated Costs (EUR m) Milestone
Not implemented Investment: Loan Facility (measure ID 16980):
– Energy efficiency and demonstration projects in SMEs or large enterprises
– Smart Energy Systems
– Other renewable energy
– Digitalisation of large entreprises
– Digitalisation of SMEs
1 398 + 445 + 206 + 770 + 330 EUR 11728 million (including management fees) of RRF loan facility funds related to International Financial Institutions and commercial banks have been signed with the final beneficiaries.
Not implemented Investment of 100% of the equity support, in accordance with the mandate agreement defined in the milestone, which shall include the selection criteria for compliance with the Do No Significant Harm Technical Guidance (2021/C58/01) of supported companies, requiring the use of sustainability proofing, an exclusion list, and mandatory legal compliance checks with the relevant EU and national environmental legislation by an independent auditor.
Not implemented InvestEU Investment Committee approves investment operations amounting to 100% of the overall amount of financing targeted (or investment mobilised) in compliance with the 38.5% climate target and 20.8% digital target.

All information has been extracted from the Study: “E3G. (2021). Renovate2Recover: How transformational are the National Recovery Plans for Buildings Renovation?” and the European Commission’s Recovery and Resilience Scoreboard.