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Innovative Business Model for Torrelago District

Veolia Servicios LECAM, Valladolid 47009, Spain
3ia, Valladolid 47009, Spain
Author to whom correspondence should be addressed.
Presented at the Sustainable Places 2017 (SP2017) Conference, Middlesbrough, UK, 28–30 June 2017.
Proceedings 2017, 1(7), 692;
Published: 2 November 2017
(This article belongs to the Proceedings of Sustainable Places Conference)
PDF [373 KB, uploaded 6 February 2018]


High upfront costs that district energy retrofitting entails, implies long-term financing schemes. Moreover, multi-private ownership in Spanish residential sector hinders the decision-making process. In the case of CITyFiED project, an innovative business model has been developed between an Energy Services Company and a Building company for Torrelago district renovation. This paper addresses this demo case from a global perspective, identifying the elements of the business case using the Canvas methodology approach and analysing the financing scheme. After a total investment of 16.5 M€, the energy savings achieved enable the payback without increasing the Community fees to the dwellings’ owners.
Keywords: district energy retrofitting; investment; business model; energy savings; financing scheme; long-term contract district energy retrofitting; investment; business model; energy savings; financing scheme; long-term contract
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).

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Pastor, A.G.; Sanz, I.M.; Guillem, E.M.; García, J.-S.; Sanz, J.M. Innovative Business Model for Torrelago District. Proceedings 2017, 1, 692.

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