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.
Project Goals
REGENERATE's goal is to ensure a green and inclusive future for Balearic Islands
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.
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.
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.
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.
REGENERATE'S Impact
Generating social, environmental and economic impact at community, island and regional levels
8,572 tons/year
of greenhouse gases emissions (CO2-eq) saved by 2025
5,538 MWh/year
of renewable energy generated by 2025
38.91 GwH/year
energy savings triggered
by 2025
836
jobs will be created
by 2025
3,000
homes renovated
by 2025
€44 M
of investments triggered
by 2025Partners
REGENERATE brings together 3 organizations
Coordinator
High Impact Investments
GNE is a high impact investment company focused on providing financing for the built environment.
Partner
Local authority
The Island Council of Menorca is a self-governing public institution in the Menorca island area.
Partner
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
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.
Mallorca
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.
Menorca
Menorca is the outermost of the Balearic Islands, much smaller in size than its neighbour, Mallorca.
Ibiza
Ibiza is the third largest of the Balearic Islands. It lies in the western Mediterranean 80 km southwest of Majorca.
News & Events
Past and future REGENERATE-related news and events
INFORMATION SESSION: LEARN HOW YOU CAN BENEFIT FROM GRANTS- NEXT GENERATION FUNDS
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!
REGENERATE INFORMATION SESSION IN THE NEIGHBORHOOD OF CAMÍ DE SES VINYES (MAHÓN)
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.
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
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.
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.
