CAE ADVANCE LOAN
To anticipate is to be one step ahead. And that's where we come in.
Turn your CAE into an economic asset
On the one hand, the savings derived from energy efficiency
And on the other, the profit obtained from the sale of the CAE.
Don't wait: we'll advance all the profits of your CAE.
Our loan advances both the value of the final energy consumption savings from your CAE measures (€189.2 /MWh) and the monetised amount of the CAE you have agreed upon with third parties through private contracts or agreements. Why? Because the waiting time between requesting a CAE and its issuance is approximately one year. Too long to wait.
- Reimbursement period: Up to 12 months, with the possibility of a six-month extension.
- Monthly repayment or at maturity.
FAQs
What is CAE?
A CAE ("Certificado de Ahorro Energético" or Energy Savings Certificate) is an electronic document issued to a company that makes an investment to carry out an energy efficiency project.
What is the value of a CAE?
A CAE has a unique value of 1kWh of final energy savings.
How long is a CAE valid for?
The CAEs are valid for three years from the date on which the energy-saving action was completed or until December 31, 2030 (inclusive), whichever comes first. Once a CAE reaches its expiration date, it will lose its validity and cannot be sold or liquidated and its holder will lose all ability to act on it from that moment on.
Which energy efficiency improvement projects are eligible for a CAE?
For final energy savings to be eligible for conversion into a CAE, the execution of the measure generating the savings must have commenced after 26 January 2023, where the start date of the execution of the measure refers to the earliest of the following:
- The start date of the works or projects leading to the achievement of energy savings.
- The date of the first firm commitment to order equipment or other commitment that makes the investment irreversible.
When can I register a CAE?
You can register a CAE up to three years after the measure that generated the certified energy savings was carried out, provided that the measure commenced between 26 January 2023 and 1 January 2031.
How long does it take to obtain a CAE?
The entire process, from verification of the measure and application for the CAE to evaluation and issuance of the certificate, takes between 3 and 12 months.
Who owns the energy savings?
The owner of the energy savings is the natural person or legal entity, whether public or private, who, through their decision, promotes and enables the investments for energy efficiency measures to be carried out with the aim of achieving energy savings for themselves or a third party or the natural person or legal entity to whom the savings generated by said measures have been transferred.
Can a CAE be sold?
Yes, but only to obligated or delegated parties.
Obligated parties are required to make an annual commitment to energy savings. The liquidation of a CAE is a voluntary alternative to making financial contributions to the National Energy Efficiency Fund in order to fulfil this obligation.
If the obligated or delegated party is the initial owner of the savings they wish to certify (i.e., the person who, through their decision, has promoted and enabled the investment to implement the energy efficiency measure), there is no need to sign a CAE agreement.
Who are the obligated parties?
The obligated parties are electricity retailers, natural gas retailers, wholesale petroleum product operators and wholesale liquefied petroleum gas operators, regardless of whether they have had energy sales or not in a given fiscal year. See list of obligated parties.
Who are the delegated parties?
The delegated parties are legal entities that have been previously accredited as such by the National Coordinator of the CAE System. See list of delegated parties.
How much is charged per kWh saved?
The owner of the savings, i.e. the owner of the facility where the energy-saving measures are carried out, must receive compensation valued in euros/kWh, for which purpose they sign an agreement with an obligated or delegated party.
The price is set by the market, although there is a ceiling set by the financial equivalence of the annual Order that establishes the contribution obligations to the Energy Efficiency Fund and has gone from 182 euros per mWh in 2024 to 189 euros in 2025 (166 euros per mWh in 2023).
The Ministry for Energy Transition and the Demographic Challenge (MITERD) presented a Proposed Order for 2025, establishing the following:
- Financial equivalence: €189.2/MWh
- Energy saving target: 5.815 GWh
- Maximum obligation to be covered with CAE: 85%
Can there be intermediaries between the initial owner of the savings and the obligated or delegated party applying for issuance of the CAE?
Yes, intermediaries are permitted between the original owner of the savings and the obligated or delegated party. They obtain ownership of the savings from the previous owner and transfer it to the obligated or delegated party, ensuring at all times that the initial owner of the savings receives the necessary compensation, as well as traceability between the parties, through the signing of one or successive private energy savings transfer contracts.
When submitting an application for the issuance of a CAE involving intermediaries, all private transfer contracts and the CAE agreement must be attached to the application, ensuring traceability of the ownership of the savings and the consideration to the original owner.
What is a private energy savings transfer contract?
A private energy transfer contract has to be signed when transferring ownership of savings between parties other than the obligated or delegated party. This contract must ensure that the original owner of the savings receives the necessary compensation and that traceability exists between the parties, from the original owner of the savings to the obligated or delegated party. Its minimum content is the same as that of the CAE agreement.
Is a CAE agreement the same as a private savings transfer contract?
In essence, yes. Both are documents whose purpose is the transfer of ownership of savings and whose minimum content is the same, but they differ in the signing parties. When the party acquiring the savings is an intermediary (neither an obligated party nor a delegated party), it is called a private savings transfer contract; while if the party acquiring the savings is the obligated or delegated party who is going to request issuance of CAE, it is called a CAE agreement.
Is there a CAE agreement template available?
Yes, it is available on the website of the Ministry for Ecological Transition and Demographic Challenge: https://www.miteco.gob.es/es/energia/eficiencia/cae/procedimientos-formularios.html
The use of this form is not mandatory. The parties may adapt it according to their needs.
Is the regulated agreement a private agreement?
Yes, and its content, requirements and terms must therefore be governed by the provisions of private law.