REVALUE SIGNED
Recognising Energy Efficiency Value in Residential Buildings
Total Cost €
0EC-Contrib. €
0Partnership
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0REVALUE project word cloud
Explore the words cloud of the REVALUE project. It provides you a very rough idea of what is the project "REVALUE" about.
Project "REVALUE" data sheet
The following table provides information about the project.
| Coordinator |
BAX INNOVATION CONSULTING SL
Organization address contact info |
| Coordinator Country | Spain [ES] |
| Project website | http://www.revalue-project.eu |
| Total cost | 1˙568˙750 € |
| EC max contribution | 1˙568˙750 € (100%) |
| Programme |
1. H2020-EU.3.3.7. (Market uptake of energy innovation - building on Intelligent Energy Europe) |
| Code Call | H2020-EE-2014-3-MarketUptake |
| Funding Scheme | CSA |
| Starting year | 2015 |
| Duration (year-month-day) | from 2015-03-01 to 2019-02-28 |
Partnership
Take a look of project's partnership.
| # | ||||
|---|---|---|---|---|
| 1 | BAX INNOVATION CONSULTING SL | ES (BARCELONA) | coordinator | 311˙250.00 |
| 2 | SAVILLS (UK) LTD | UK (LONDON) | participant | 298˙750.00 |
| 3 | LUWOGE consult GmbH | DE (LUDWINGSHAFEN) | participant | 277˙500.00 |
| 4 | UNIVERSITEIT MAASTRICHT | NL (MAASTRICHT) | participant | 261˙250.00 |
| 5 | ROYAL INSTITUTION OF CHARTERED SURVEYORS | UK (LONDON) | participant | 230˙000.00 |
| 6 | VANHIER BV | NL (LIMMEN) | participant | 190˙000.00 |
Map
Project objective
ReValue aims to lead the development of appraisal norms and standards that REcorgnise Energy Efficiency Value in social and private residential real estate.
Financing decisions in real estate are often based on formal appraisals of value. Current norms on valuation, such as RICS', recognise Energy Effiency (EE) as a potential source of value, but do not require taking this into account in appraisals, nor provide clear guidance on how to do so. As a result, investors are not provided with the formal basis to invest in or to provide financing (eg through mortgages) for EE components
For a standard renovation of a residential unit, up to 10k Euro in EE could be made ' bankable' if valuation norms and standards would better reflect long term EE value. At EU level, this could potentially unlock 20Bn Euro per year in financing of EE measures. Since 26% of EUs energy is consumed in homes, increasing investment on EE could significantly contribute to H2020 targets
Specific ReValue objectives are: 1 develop and propose a set of norms and policies in the valuation of residential property that recognise EE 2 align valuation techniques with such norms 3 validate the framework in 4 pilot projects across Europe 4 Stimulate uptake of the framework through widely recognised norms and support from key industry stakeholders
ReValue's consortium is industry-lead, including RICS, one of the globally recognised standardisation bodies, and Savills, a leading valuer, and academic and professional experts in accounting, economics and EE design. Through observer roles, the project collaborates with building owners across Europe, investors and a range of entities that support exploitation and dissemination of project results In doing so, ReValue will contribute to reaching EE19's expected impact, by aligning valuation norms for optimal levels of investment of energy efficiency, and by increasing trust of investors and financiers in the financial viability of energy efficient measures
Deliverables
| Dissemination to Energy Assessment and Real Estate industry report | Documents, reports | 2019-08-30 14:21:52 |
|  Impact of the energy- performance on building valuation | Documents, reports | 2019-08-30 14:21:52 |
| Data-driven analysis and strategies for asset energy renovation overview | Documents, reports | 2019-08-30 14:21:52 |
| Recommendation in investment programmes for housing owners | Documents, reports | 2019-08-30 14:21:52 |
| Report identifying existing bottlenecks and scope for improvements in benchmark investment programmes | Documents, reports | 2019-08-30 14:21:52 |
| Report on the sources of revenues from EE projects – cash flow components | Documents, reports | 2019-08-30 14:21:52 |
| Impact of the cost of capital on the sustainable investment | Documents, reports | 2019-08-30 14:21:52 |
| Presentations at public events report | Websites, patent fillings, videos etc. | 2019-08-30 14:21:51 |
| Dissemination to Accounting industry report | Documents, reports | 2019-08-30 14:21:52 |
| Dissemination to Valuation industry report | Documents, reports | 2019-08-30 14:21:51 |
| Set of validated recommendations for European norms and standards | Documents, reports | 2019-08-30 14:21:51 |
| Inventory of relevant norms and outlook for future development | Documents, reports | 2019-08-30 14:21:49 |
| The RE3Value valuation framework | Documents, reports | 2019-08-30 14:21:51 |
| Overview of the national and European valuation techniques | Documents, reports | 2019-08-30 14:21:50 |
| Roadmap of norms development processes | Documents, reports | 2019-08-30 14:21:49 |
| Comparison of the valuation techniques based on the KPIs | Documents, reports | 2019-08-30 14:21:51 |
| First (M6) and second (M30) version of the Communication package | Websites, patent fillings, videos etc. | 2019-08-30 14:21:51 |
Take a look to the deliverables list in detail: detailed list of REVALUE deliverables.
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The information about "REVALUE" are provided by the European Opendata Portal: CORDIS opendata.