Policy status:Ended
Date Effective:2009
Policy Type:Economic Instruments>Fiscal/financial incentives>Loans
Policy Target:Buildings>Building Type>Non-residential
Agency:Official Credit Institute (ICO)
Funding:EUR 1 billion

As part of Spains "Plan E" economic stimulus package, and in line with Spains 2008-12 tourism plan which seeks to establish a competitive and sustainable tourism sector by 2020, the Renove Tourism Plan aims to help rebuild Spains tourism sector along more sustainable lines. The Plan offers low-interest loans in partnership with Spains Official Credit Institute (ICO) for tourism sector companies to undertake renovation and improvement, including measures that improve energy savings or the implementation of environmental quality management systems. Up to 90% of investment costs will be financed, to a maximum of EUR 1 million (varies according to amortisation period chosen), and with a fixed interest rate of 1.5%. In February 2009, the initial EUR 400 million earmarked for the plan was exhausted, and an additional EUR 600 million allocated.

25 Energy Efficiency Recommendations Applied:Cross-sectoral, Cross-sectoral, Private investment in energy efficiency, Industry, Energy efficiency services for SMEs, Industry, Energy management, Buildings

Last modified: Fri, 29 May 2015 11:57:35 CEST