Problem and Solution
For many apartment owners, the main concerns about building renovation are related to loans, rising interest rates, and unpredictable monthly payments.
With the RENESCO model, the community of apartment owners does not need to take a loan — financing is provided by RENESCO, including available ALTUM support. This means residents are not exposed to financial market fluctuations such as rising EURIBOR rates or other borrowing risks.
Each project is carefully evaluated to ensure that after renovation, the monthly apartment-related payments remain affordable and predictable for residents.
RENESCO guarantees compensation if the promised energy savings are not achieved, and the savings are measured annually.
How does it work?
RENESCO signs an Energy Performance Contract with the apartment owners’ community and the building management company, aimed at renovating your building and making it safe, comfortable, and energy-efficient for the next 50–100 years.
This contract allows RENESCO to take responsibility for all financial, technical, administrative, and energy-related obligations throughout the renovation process, while also guaranteeing maintenance of the completed works for 20 years.
During the first 20 years, the achieved energy savings are used to repay the loans taken by RENESCO.
After this period, all energy savings go directly to the apartment owners.
Find out how your building can be renovated!
