The gas distributor Nedgia(Naturgy Group) and the bank BBVA have signed a strategic agreement that will allow thousands of homeowners’ communities to modernize their diesel or coal boilers with modern systems that are more efficient, sustainable and ready to operate with renewable gas such as biomethane.
Modernization of boilers and other tools
This joint plan focuses on facilitating the replacement of obsolete thermal installations in residential buildings, offering 100% financing conditions with flexible terms and no initial outlay. In addition, a simplified procedure, designed to speed up the work of property administrators, installation companies and neighborhood communities.
The agreement provides for the possibility of financing the total cost of the project, with adapted grace periods and no immediate impact on the communities’ accounts. In addition, Nedgia will provide direct financial support applied as a discount on the budget, which improves the viability of the projects from the outset.
For its part, BBVA will act as a financing entity, providing solutions adapted to the needs of each community, with the aim of promoting energy efficiency and reducing dependence on traditional fossil fuels.
The new facilities will be designed to be compatible with renewable gases such as biomethane, allowing communities to adapt to future environmental standards without additional investment. This aspect reinforces Naturgy’s commitment to a realistic and progressive energy transition.
According to Marta de Pablos, Nedgia’s Director of Growth, this action “offers a comprehensive solution to communities, combining sustainability, ease of processing and real financial support for the change of thermal technology”.
The plan is also designed to favor installers and maintainers, who will benefit from a smoother management in the execution of works. The collaboration between Nedgia and BBVA allows for the establishment of a direct channel with companies in the sector, thus boosting the process of thermal renovation in the residential sector.
Mark Eaves, head of Homeowners’ Communities at BBVA, pointed out that “this initiative responds to the objective of facilitating access to energy efficiency solutions with flexible credit options tailored to each collective project”.
Source and photo: Naturgy