Spain to lead Europe with PACE energy law

Spain — specifically, Catalonia or the Basque region — could be the site of Europe’s first Property Assessed Clean Energy (PACE) financing of home energy efficiency upgrades, if a pilot project funded by the European Union gets off the ground.

  • By Jon Hay
  • 02 Nov 2017

Global New Energy Finance, a private company, has been trying to start a European market for PACE finance for about a year. The idea is taken from the US, where 18 states have active PACE programmes.

These allow homeowners to make energy efficiency upgrades to their homes — ...

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