• REGENERATE galvanizes the clean energy transition on the Balearic Islands by triggering investments in eco-sustainable renovation


    REGENERATE combines people-centric technical support and affordable financing to motivate homeowners to renovate their homes sustainably


  • The Main Challenge

    Tourism-dependent economy

    Tourism has a prominent position in the islands' economy, making the islands strongly dependent on tourism. Therefore, there is an urgent need to transform their tourism-dependent economy into a resilient and green one.


    Climate change vulnerability

    Due to the geographic location of the Balearic Islands, their Mediterranean climate and dependence on the tourism sector as the main driver of the economy, the islands are especially vulnerable to the consequences of climate change.

    Poor building constructions

    Over 60% of the residential buildings on the islands were constructed between 1951 and 1990 to cope with the booming tourist demand. Now, the islands suffer from ageing building stocks built to poor construction standards. Insufficient buildings create adverse effects on the population, lower quality of life, and are considered a risk to the citizens' health.

    Lack of affordable financing and technical support

    Building renovation is key to climate change mitigation. Thus, there is a dire need to provide affordable financing and technical support to reduce the energy burden on homeowners.

    Lack of trust in contractors

    Most of the decision-making process in a home renovation falls on homeowners themselves, lacking professional skills, time and experience managing renovation projects. For the reasons mentioned, home renovation from a citizen's perspective is a risky endeavour.

  • Our Integrated Solution

    REGENERATE overcomes major barriers to renovation on the Balearic Islands by offering an integrated renovation solution that combines technical assistance, affordable financing and smart funding, thus enabling easy and accessible building renovations which ensures that no one is left behind. As a result, it generates trust to renovate and motivates homeowners to undertake sustainable renovation projects for their homes.
    The solution involves people-centric support at the community level, standardised technical project design, contractors training and vetting, accelerated permit approval process, impact monitoring, and up-front financing.  The project aims to simplify renovation through the help of local One-Stop-Shop offices, building upon existing customer engagement infrastructure and practices on the islands. The project supports vulnerable groups by combining grants, subsidies with affordable financing
    Finally, REGENERATE facilitates the transition from a tourism-dependent economy to a green economy, thus, delivering lasting societal change.
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  • Overcoming Barriers to Renovation

    REGENERATE overcomes major barriers to renovation on the Balearic Islands by offering an integrated renovation solution that combines:


    Technical Assistance

    Technical assistance brings all the elements of a successful home renovation program together, including contractor training, customer service, outreach, technical advice, etc.


    Affordable Financing

    Affordable financing addresses the shortcomings on the supply side. The financing platform enables 100% up-front, affordable and long-term financing for all homeowners, including those in conditions of vulnerability or energy poverty.


    Smart Funding

    Smart funding ensures the clean energy transition's inclusivity. REGENERATE will work closely with the islands to set up a de-risking instrument leveraging public funds.

  • Combining these three elements with the active involvement of the public authorities, REGENERATE can generate the trust to renovate and to unlock the market, while maximizing social, economic and environmental impact.

  • Project Goals

    REGENERATE's goal is to ensure a green and inclusive future for Balearic Islands

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    Trigger Investments

    Trigger investments in eco-sustainable home renovation by setting up local One-Stop-Shops on 3 islands. REGENERATE will set up a managing entity coordinating and overseeing the local OSS offices on each island, offering people-centric assistance and affordable financing.

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    Affordable Financing

    Provide long-term, up-front, affordable financing to fund energy efficiency, renewable energy and accessibility improvements. To do so, REGENERATE designs and sets up an investment instrument combined with a de-risking mechanism to deliver affordable financing to homeowners on the islands.

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    Emissions Reduction

    Achieve a reduction of energy consumption and emissions. REGENERATE’s main objective is to improve the energy performance of buildings, thus facilitating energy efficiency, renewable energy, and accessibility improvements of homes on the islands.

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    Scaling Up

    REGENERATE ensures replication and further expansion of the OSS model developed on each island. Subsequently, it is intended to replicate and expand the project to other Spanish and European islands.


    Generating social, environmental and economic impact at community, island and regional levels

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    8,572 tons/year

    of greenhouse gases emissions (CO2-eq) saved by 2025

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    5,538 MWh/year

    of renewable energy generated by 2025

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    38.91 GwH/year

    energy savings triggered
    by 2025

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    jobs will be created
    by 2025

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    homes renovated
    by 2025

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    €44 M

    of investments triggered
    by 2025

  • Partners

    REGENERATE brings together 3 organizations

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    High Impact Investments

    GNE is a high impact investment company focused on providing financing for the built environment.

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    Local authority

    The Island Council of Menorca is a self-governing public institution in the Menorca island area.

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    Local authority

    Ayuntamiento de Ibiza is the basic administrative political organisation of the Ibiza Municipal Term.


    The local authorities will support the set-up of REGENERATE’s OSS model on each of their respective islands, adapting it to the islands’ specific needs and developing its activities, ensuring citizen engagement and the generation of the foreseen pipeline through targeted marketing and communications efforts and contractor recruiting and training activities.

  • The Balearic Islands

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    The Balearic Islands are composed of several islands situated to the east off the Spanish Coast. REGENERATE focuses on the islands of Mallorca, Menorca and Ibiza.

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    The island of Mallorca is the largest of the Balearic Islands. Palma is the capital of the island, which is also the capital of the autonomous community of the Balearic Islands.

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    Menorca is the outermost of the Balearic Islands, much smaller in size than its neighbour, Mallorca.

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    Ibiza is the third largest of the Balearic Islands. It lies in the western Mediterranean 80 km southwest of Majorca.

  • Boosting the Islands' Economies


    There is a dire need to boost the islands' economies, weakened by the COVID-19 pandemic and its disastrous impact on the Balearic Islands. As a result, the islands are experiencing a devastating decline in economic output and rising unemployment.


    In addition, the Islands have an urgent need to transform their tourism-dependent economy into a resilient and green one, as they are especially vulnerable to climate change and are highly dependent on fossil fuels.


    Boosting the local economies through the construction sector can be a crucial catalyser in the islands' economic recovery and community regeneration, making them less dependent on tourism at the same time. REGENERATE facilitates the transition towards a green economy and ensures resilient, healthy and comfortable homes. Thus, delivering economic prosperity and lasting societal benefits.

  • News & Events

    Past and future REGENERATE-related news and events

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    September 01, 2023

    Next Friday, September 1st, at 8:30 PM, REGENERATE from the Menorca Island Council will be at the Cultural and Recreational Association of Es Migjorn Gran to bring energy rehabilitation closer to your entire community!

    If you're interested in learning how you can make your home or building more comfortable and efficient, join us at this event and get firsthand knowledge of how you can benefit from the Next Generation Funds subsidies.

    We look forward to seeing you there!

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    July 07, 2023

    In collaboration with the Neighborhood Association of Camí de ses Vinyes, the technical team from Regenerate was able to present their project as a one-stop office dedicated to comprehensive support in energy rehabilitation for housing, as well as the subsidies currently available for this purpose.

    Fifteen residents came forward to show their interest in rehabilitation and were able to resolve their doubts with the technical architect and social worker from the Regenerate Office.

    With this event, the starting signal is given for a series of sessions that are expected to extend throughout the territory of Menorca.

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    The Insular Council inaugurates the Regenerate Office in Menorca

    March 24, 2023

    The new service aims to promote the energy transition and encourage investments in eco-sustainable housing reforms in Menorca.

    Clic here to read more

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    Cumbre Madrid 2021

    July 13, 2021

    CIME took part in EuroPACE's Cumbre Madrid 2021 organized by GNE Finance, coordinator of both the EuroPACE and REGENERATE projects. CIME acknowledged that fruitful public-private collaborations offer a great opportunity to deliver integrated home renovation services to citizens of the Balearic Islands, furthermore speaking to need for the joint efforts made by Menorca, Palma de Mallorca and Ibiza. Click here to watch the recording.

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    Press Release announcing the launch of the REGENERATE Project

    July 2, 2021

    Click here to read more.

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    REGENERATE Kick-off Meeting

    June 28-29, 2021

    The REGENERATE Project officially celebrated its Kick-off Meeting in Mahón, Menorca. Partners from GNE Finance, Consell Insular de Menorca, Ayuntamiento de Palma and Ayuntamiento de Ibiza engaged in productive discussions about how to optimally tackle the goal of providing an integrated home renovation service that supports citizens on their journey to more comfortable and sustainable homes.

  • Contact Us

    Plaça Esplanada 2, 07703 Maó
    971 355 965