Latvian Environmental Investment Fund
The Climate Change Financial Instrument (CCFI)
Government budget program of Republic of Latvia
Aija Zučika / Anete Raslava / Zane Ramane
Project managers
Latvian Environmental Investment Fund
Main Facts About LEIF
LEIF was established by the Ministry of Environment in 1997 and has
more than 15 years of experience in implementation of
environmentally friendly projects
• LEIF’s share capital more than EUR 6.3M
• LEIF is reliable partner with high reputation:
– 3 credit lines from Nordic Environment Finance Corporation (EUR 3.5M (1998),
EUR 3M (2005), EUR 5M (2010))
Directions of the LEIF activities
• Financial service
• combining local and foreign financial resources, to issue loans in order to
support municipalities and commercial organizations in implementing
environmentally favorable projects.
• Development cooperation projects
• to promote and transfer the Fund's amassed experience on environmental
project preparations.
• sharing post monitoring and implementation results with other countries.
• Supervision on implementing the Climate change financial
instrument (CCFI) co-financed projects
• to promote the most effective and transparent use of resources provided by
CCFI.
• Awareness raising
•
•
to identify and promote environmentally favorable projects including their
preparation for financing.
To increase the level of awareness about the opportunities and benefits of
implementing environment projects.
Supervision of Implementation of Climate
Change Financial Instrument (CCFI) Cofinanced Projects
Aim of CCFI is to prevent global climate change, adaptation to the effects of
climate change and contribute the reduction of greenhouse gas emissions (for
example, implementing activities to improve the energy performance of buildings
in both public and private sectors, the development and implementation of
technologies that use renewable energy resources, as well as the implementation
of the integrated solutions to reduce greenhouse gas emissions).
The financing of the Tenders is formed by the Proceeds from the Assigned
Amount Units Purchase Agreements which are made within the international
emissions trading under the Kyoto Protocol.
The Fund provides supervision of implementation and post-implementation
monitoring of projects co-financed by CCFI – National Implementing Agency
(CCFI co-financing – 200 million EUR).
CCFI tenders
No.
Title of the Tender
KPFI-1
Increase of Energy Efficiency in Municipal Buildings
KPFI-2
Development of Technologies Reducing Greenhouse Gas Emissions
KPFI-3
Increase of Energy Performance in Higher Education Establishment Buildings
KPFI-4
Technology Conversion from Fossil to Renewable Energy Sources
KPFI-5
Complex Solutions for Greenhouse Gas Emission Reduction in State and Municipal Vocational
Education Establishment Buildings
KPFI-6
Complex Solutions for Greenhouse Gas Emission Reduction in Manufacturing Buildings
KPFI-7
Complex Solutions for Greenhouse Gas Emission Reduction in Municipal Buildings
KPFI-8
Raising of Public Awareness Regarding the Importance and Possibilities of Greenhouse Gas
Emission Reduction
Allocated CCFI
Financing1
31 400 442.91
1 640 491.13
6 759 719.72
3 693 605.17
13 182 901.92
8 654 906.55
19 113 450.92
752 697.28
CCFI tenders
No.
Title of the Tender
KPFI-9
Use of Renewable Energy Resources in Transport Sector
KPFI-10
Low Energy Consumption Buildings
KPFI-11
Use of Renewable Energy Resources in Household Sector
KPFI-12
Use of Renewable Energy Resources for Reduction of Greenhouse Gas Emission
KPFI-13
Reduction of Greenhouse Gas Emission in the Lighting Infrastructure of Public Territories
of Municipalities
KPFI-14
Development of Technologies Reducing Greenhouse Gas Emissions and Implementation of
Pilot Projects
KPFI-15
Complex Solutions for Greenhouse Gas Emission Reduction
KPFI-16
Reduction of Greenhouse Gas Emissions in the transport sector – support for introduction of
electrical vehicles and their charging infrastructure
Totals:
Allocated CCFI
Financing1
0.00
4 822 261.50
8 571 196.19
14 899 451.87
6 601 026.02
2 423 707.01
77 971 517.63
3 672 626.47
204 160 002.31
4. Technology Conversion from Fossil to
Renewable Energy Sources
Support for: Solar collectors, solar photovoltaic panels installation
Financial aid intensity: 55 – 75%
One project could receive 498 005,13 EUR as maximum.
Could apply:
• Educational institutions of the Latvia Republic municipalities
• SME and scientific institutions
Selected: 51 projects
Implemented: 24 projects (3 693 605,2 EUR)
Solar technologies: 8 projects
Produced energy: 16 266,828 MWh
Saved CO2: 4 187,736 t
Project "Purchase, installation, replacement of heat production equipment
to ensure energy production from renewables at Heidemanis aesthetics
and dance school "SADANCIS""
5. Complex Solutions for Greenhouse Gas
Emission Reduction in State and Municipal
Vocational Education Establishment Buildings
Support for: Solar collectors, solar photovoltaic panels installation
Financial aid intensity: 85 %
One project could receive 1 422 871.81 EUR as maximum.
Could apply: State or municipal professional educational institutions
Selected : 29 projects
Implemented: 23 projects (13 182 901,92 EUR)
Solar technologies: 2 projects
Saved heat energy: 13 182 901,92 MWh
Saved CO2: 2 328,58 t
6. Complex Solutions for Greenhouse Gas
Emission Reduction in Manufacturing Buildings
Support for:
Solar collectors, solar photovoltaic panels installation
Financial aid intensity: 45% - 55%
One project could receive 711 435.91 EUR as maximum.
Could apply: Enterprise registered in Latvian Republic
Selected : 48 projects
Implemented: 38 projects (8 654 905,55 EUR?)
Solar technologies: 1 projects
Saved heat energy: 1 42 044,591 MWh
Saved CO2: 11 278,942 t
7. Complex Solutions for Greenhouse Gas
Emission Reduction in Municipal Buildings
Support for:
Solar collectors, solar photovoltaic panels installation
Financial aid intensity: 85%
One project could receive 1 067 153.86 EUR as maximum.
Could apply: The project applicant were Latvian municipalieites
Selected: 46 projects
Implemented: 38 projects (19 066 632,48 EUR)
Solar technologies: 2 projects
Saved heat energy: 15 932,769 MWh
Saved CO2: 4 242,709 t
10. Low Energy Consumption Buildings
Support for:
Solar collectors, solar photovoltaic panels installation
Financial aid intensity: 55% - 80%
One project could receive 1 067 153.86 EUR as maximum.
Could apply:
• Direct or indirect administration institutions;
• Latvian Republic cities or municipalities councils;
• Latvian Republic registered SME;
• Private persons
Selected : 28 projects
Implemented: 14 projects (4 645 143,77 EUR)
11. Use of Renewable Energy Resources in
Household Sector (2 rounds)
Support for:
Solar collectors, solar photovoltaic panels installation
Financial aid intensity: 50%
One project could receive 9 960.10 EUR as maximum
Could apply:
• Residential house owner - natural person;
• Organization/body created by residential buildings apartment owners and
which don't do economical activities but act in the name of the interests of
residential house owners - natural persons.
Selected: 2 266 projects
Implemented: 1760 projects (8 570 019,92 EUR)
Solar technologies: 635 (Solar collectors) + 95 (solar photovoltaic)
Saved CO2: 15 375,843 t
Project: "Solar collector instillation for hot water production in the private
house "Rītavoti", Sigulda municipality
The Beneficiary: Anatolijs Kitins un Ināra Kitina
Project „Solar collector installation”
The Beneficiary: Iveta Grīniņa
12. Use of Renewable Energy Resources for
Reduction of Greenhouse Gas Emission
Support for:
Solar collectors, solar photovoltaic panels installation
Financial aid intensity: 35% - 75%
One project could receive 2 134 307.72 EUR as maximum.
Could apply:
• Cities or county municipal council of Latvia Republic;
• Direct or indirect administration institutions;
• Registered companies of Latvia Republic.
Selected: 65 projects
Implemented: 42 projects (14 873 413,95 EUR)
Solar technologies: 17 projects
Saved heat energy: 24 500,598 MWh
Saved CO2: 7 195,79 t
Project: Solar collector systems installation JSC "ROGA-AGRO"
The final beneficiary: AS "ROGA-AGRO"
Branch: food products (bakery)
Project: Rūjienas municipality educational institution buildings' fossil heat
production technologies replacement to renewable energy using".
The beneficiary: Rūjienas municipality
15. Complex Solutions for Greenhouse Gas
Emission Reduction (5 calls)
Support for: Solar collectors, solar photovoltaic panels installation
Financial aid intensity: 55 – 85%
One project was able to receive 853 723.09 EUR as maximum.
Could apply:
• business, including medical institution, which does not provide governmentfunded health care services;
• educational institution, including state established military vocational schools
or educational institutions founder;
• medical institution that provides government-funded health care services;
• cultural institution, which finances cultural activities and which carries cultural
value creation, dissemination or preservation.
Selected : 412 projects
Implemented: 254 (finished) + 116 (on-going) (43 848 824,89 EUR)
Project “Complex solutions for the reduction of greenhouse gas emissions for
the boarding school of "Naukšēni" Social Correction Educational Institution
and for the building of boarding school intended for students under special
supervision, Social correction education establishment "Naukšēni"
Project“ Energy efficiency improvement in Ogre general preschool
educational institution "Saulīte", Ogre preschool "Saulīte"
Project: Solar system installation in farm "Rūķīšu tējas"
The beneficiary: Dobeles district Krimūnu Parish, farm "Rūķīša Tēja "
Branch: food products (tea production)
The main technologies
•
•
•
Solar collectors
Solar photovoltaic panels
In two last calls of tender No.15. – solar heat pumps (system which combine
solar collector and heat pumps)
In combination with other technologies:
• Boilers which use fuels from renewable energy sources
• Heat pumps (different types)
• Windmills (only in households)
Reasons of project rejections
Households
Other tenders
• It was not able to implement the
project on time.
• Not enough financial resources for
project realization
• Equipment cost increases.
• NET law implementation
• The costs of project were more than
planed because of the procurement
• Not able to realize the project on time.
• Long pay back time for the investments
The main problems after project realization
• The plant was not properly tuned.
• Low-quality materials installation effected equipment
operation.
• It is necessary to install additional equipment to ensure the
efficient operation of the equipment.
• Entrepreneurs qualification
Stages of project implementation
Contract
Implementation
Monitoring
- t CO2
25
From project idea to its implementation –
together with
Environmental Investment Fund!
Gertrudes str. 12-2, Rīga, LV-1010, Latvia
Phone: + 371 67845111
Fax:
+ 371 67845222
E-mail: pasts@lvif.gov.lv
aija.zucika@lvif.gov.lv
http:\\www.lvif.gov.lv