MW Creators

World News

Colliers Bets On Green, Teams Up With Balantia To Decarbonise Real Estate Sector

The real estate sector is finally entering the world of energy efficiency, and in the midst of this green revolution, the consulting firm Colliers has taken a step forward by sealing an alliance with Balantia, a company specialized in the development of decarbonization projects. and energy efficiency.

It is a pioneering agreement in our country that aims to help companies in the real estate sector to minimize the carbon footprint of real estate and facilitate their energy and digital transformation , in a sector where 80% of buildings are inefficient in energy terms and the rate of eco-sustainable rehabilitation of our real estate park is less than 1% per year.

“2020 has been a turning point in terms of energy efficiency”, explains to the Economist Eduardo Olano Molina, CEO of Balantia, who assures that this alliance “allows us to offer an end-to-end model for decarbonization, covering the detection of potential existing, the design of the solution, the support in its execution and the monitoring of the operation and the results, also taking advantage of the different lines of aid and existing financing “.

Through this alliance, Colliers and Balantia will add capabilities by providing a service structure that covers all the needs in eco-sustainable rehabilitation projects , one of the priority services being obtaining financing, mainly from Next Generation Funds.

Technology will play an important role in this agreement, since Balantia has developed the first data centric platform for the energy transition in a big data and artificial intelligence environment, capable of automatically identifying the latent potential of any facility at the reduction level. of energy consumption and its corresponding emissions.

The advantages of decarbonization
For his part, Mariano García Montenegro, Managing Director of Architecture & Building Consultancy at Colliers, assures that this alliance will allow them to offer a “comprehensive service” to their clients and points out that the decarbonisation of buildings not only represents a potential for energy savings of Between 50% and 80%, it is also possible to “increase liquidity and the value of assets before investors who increasingly demand compliance with ESG criteria in their properties” , he adds.

In fact, according to a study by S&P Global Market Intelligence, the funds analyzed that work with ESG criteria experienced a higher revaluation during the year of the pandemic than conventional ones, specifically, their revaluation was up to 27 percentage points higher.

How much does it cost to make these investments profitable?
Although each case has its peculiarities, according to Olano, in a general way, the actions related to the electrification of demand, which means substituting fossil fuels in thermal processes, today they are giving paybacks that can be less than four years and when We enter into self-consumption or distributed generation of energy, usually exceeding six years.

In any case, García points out that the return on the investment becomes immediate due to the revaluation of the asset itself and highlights that this type of action is also important because “it is likely that if your building is not decarbonized it will be out of the market. “.

On the other hand, the savings generated in costs are also noticeable in the income statement, since given the specific weight of energy among the costs of activities such as hotels, shopping centers or nursing homes, in which Energy can be the third or fourth most relevant item, the actions undertaken from the perspective of sustainability can have a substantial impact on the operating results of these sectors.

As in the residential area, in tertiary activities such as those described, energy efficiency or the incorporation of renewable energies into assets can reduce your bill beyond 80% with its consequent improvement in economic results.

Investment to be allocated to this sector
The Spanish Government has announced an item of 5,820 million euros through the Recovery, Transformation and Resilience Plan and aims to rehabilitate half a million homes by the end of 2023. “This investment represents only a small part of the 50,000 million of euros provided for in the National Integrated Energy and Climate Plan from now until 2030 “, explains the CEO of Balantia.

Specific plans such as the Building Energy Rehabilitation Program (PREE), which financed energy rehabilitation projects in all-use buildings, up to 85% of the amount of the action, will be renewed, substantially increasing their resources. In this way, the aid will permeate many other sectors of activity that require investment in renovating their facilities and in which there is enormous potential for improvement.

All the programs are currently being coordinated by the Institute for the Diversification and Saving of Energy (IDAE) and managed by the corresponding Ministries of the Autonomous Communities and in the coming months the publications of the new calls to be presented will follow. Projects.

Leave a Reply

Your email address will not be published. Required fields are marked *