Fenice Assets

Sector

Energy efficiency and demand-side management

Date of investment

2016

Status

Disinvested

At a glance

Energy efficiency project based on the installation of new equipment to provide industrial refrigeration as a service, as well as the application of energy saving measures for ICFC (Ice Cream Factory Comaker) in Alzira (Valencia). Project led by EDF Fenice, a subsidiary of the EDF group focused on industrial energy efficiency.

Impact

What

Energy efficiency project based on the installation of new equipment to provide industrial refrigeration as a service.

Who

The implementation of energy efficiency measures in industry reduces energy consumption, controls costs for owners and users, mitigates the impact of rising energy prices and promotes less dependence on fossil fuels, reduced emissions and improved air quality, which benefits both owners/users and society.

How much

Reduction of industrial customers’ energy consumption by more than 15%.

Core SDGs

Risks

The implementation of energy efficiency solutions significantly reduces emissions, but some solutions rely on fossil fuels and may be constrained in the future due to environmental regulations and taxes. The environmental benefits of electricity efficiency measures depend on the evolution of the electricity mix towards renewable sources.

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