Innovative concepts of revolving funds, internal contracting and community financing
REA as an I-NERGY partner (Nika Kotoviča) took part in the online workshop “Innovative concepts of revolving funds, internal contracting and community financing” that was organised by ICLEI (Local Governments for Sustainability) on the 25th March 2021.
Riga is one of 16 Urban-LEDS lighthouse cities, exchanging our knowledge with the other Urban-LEDS cities in the eight project countries (Bangladesh, Brazil, Colombia, India, Indonesia, Lao PDR, Rwanda and South Africa) to support them in implementation of low emission development actions. Peers from Africa, Latin America and Asia participated in the peer-2-peer discussion organised during the online workshop. Riga's I-NERGY pilot was briefly presented during the peer-2-peer exchange session and several questions of participants were answered. The title of I-NERGY presentation was “Riga: case study on development of AI solution for energy retrofit investments de-risking” explaining how the data collected from smart meters and application of machine learning algorithms can help in predicting energy consumption, as well as in calculating and monitoring the energy savings achieved, resulting in more reliable and cost-effective energy investments in urban multi-apartment residential housing.