PACE in Europe - GNE Finance | Global New Energy Finance

Unlocking Clean Energy Innovation For European Communities
Bringing PACE to Europe
What is PACE Financing?
PACE is an effective financing tool used to pay for energy efficiency, renewable energy, and water conservation upgrades to buildings. PACE financing covers up to 100% of a project’s costs and is repaid as a special tax charge added to a property tax bill over a term of up to 20 years. PACE can pay for new heating and cooling systems, lighting improvements, solar panels, water pumps, insulation, and more. Nearly all property types can be eligible for PACE.

PACE was pioneered in 2007, in Berkeley, California and it quickly spread across the US and abroad, to Canada and Australia. In the past three years, residential PACE has grown exponentially and reached over $3 billion in funded projects, which resulted in more than 30,000 local jobs.
Benefits of PACE
PACE is a voluntary financing program that offers local residents an opportunity to use an innovative financing instrument to upgrade their properties. PACE programs create virtuous circles in the local economy by deploying local capital, employing local labor, and improving comfort of the residents.
Local Governments
an instrument for economic development and job creation
Achieving COP21 policy goals with no additional public debt
Creating local jobs and increasing demand for skilled building professionals
Helping fight "energy poverty" by lowering energy bills for the vulnerable populations
Investors
a secure scalable product and a source of green bonds
Offers a secure repayment stream and uses a familiar property tax structure
PACE is a source of asset-backed Green Bonds
Homeowners and commercial clients
a 100% financing linked to the property
100% up-front financing, repaid over 20 years, making long-term payback projects possible
Results in improved comfort and lowered utility bills
Customer-Centeric Consumer Protection Policies
Energy Services Professionals
a financing tool that help win a bigger job
Empowers contractors to complete larger projects with longer payback period
Training programs that open new opportunities for skilled and unskilled labor force

European Citizens
a public-private partnership creating resilient communities 
Improved building result in more connectivity, safety, and improved standard of living
Energy efficiency retrofits reduce CO2 emissions and improve air quality
Global PACE Market
PACE is a flexible financing tool that can be adapted to a variety of political, legal and economic landscapes. While PACE financing was pioneered in the US, it was successfully implemented in Canada and Australia.
The following market data is provided by www.PACENation.org

$ 3.6B
PACE-funded projects
Over 33,000
Jobs Created
More than 132,000
Homes Upgraded
Nearly 1000
Commercial Buildings Upgraded
Our mission is to bring PACE financing to Europe

Building the EuroPACE Coalition
We believe that as a group we have more influence, a broader reach, and power to effect change – in this case, bring PACE to Europe. The coalition will consist of leaders from both public and private sector committed to exploring PACE-like financing solutions for Europe.
Improving Building Stock Through PACE projects
GNE Finance is uniquely positioned to be the first PACE provider in Europe. We are working closely with municipalities and capital providers to pilot residential PACE programs.
Join Us!
Please reach out to us if you are interested to get involved. Let's work together to achieve a clean energy transition in Europe.
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Unlocking Clean Energy Innovation For European Communities

Bringing PACE to Europe

What is PACE Financing?

Benefits of PACE

Local Governments

an instrument for economic development and job creation​

Investors

a secure scalable product and a source of green bonds​

Homeowners and commercial clients

a 100% financing linked to the property

Energy Services Professionals

a financing tool that help win a bigger job

European Citizens

a public-private partnership creating resilient communities ​

Global PACE Market

PACE is a flexible financing tool that can be adapted to a variety of political, legal and economic landscapes. While PACE financing was pioneered in the US, it was successfully implemented in Canada and Australia.The following market data is provided by www.PACENation.org

$ 3.6B

Over 33,000

More than 132,000

Nearly 1000

Our mission is to bring PACE financing to Europe

Building the EuroPACE Coalition

Improving Building Stock Through PACE projects

Join Us!

Please reach out to us if you are interested to get involved. Let's work together to achieve a clean energy transition in Europe.

an instrument for economic development and job creation

a secure scalable product and a source of green bonds

a public-private partnership creating resilient communities

PACE is a flexible financing tool that can be adapted to a variety of political, legal and economic landscapes. While PACE financing was pioneered in the US, it was successfully implemented in Canada and Australia.
The following market data is provided by www.PACENation.org