RenoCampus
A green-credit model for decarbonising the ULB campus: a renovation-and-repayment partnership between Helios Foundation, F’in Common, and ULB where energy savings pay back the works that delivered them.

Partner

ULB and F’in Common

Lead

To confirm

Duration

Works 2024-2026; repayments from 2026

Funded by

Helios Foundation (financing F’in Common)

Why this matters

RenoCampus is built around a simple idea: lend a university the money to renovate its most inefficient buildings, then let the energy savings repay the loan. The funding model, created by Financité and implemented by F’in Common, is a first in Belgium, and other universities, colleges, and similar institutions could adopt it too.

About the project

In 2024, F’in Common signed a 2,100,000 euro credit agreement with ULB to finance three energy renovations on its Brussels campuses. The convention took effect in January 2025, with disbursement three months later. In 2026 and 2027 ULB repays a fixed 1/23rd of the total per year; from 2028 onwards, the annual repayment tracks the actual savings on its energy bills across the three sites.

Building H (Solbosch). Full window-frame replacement across the 1,440 m2 building. Works in 2024, reception in March 2025. Expected savings: about 300 MWh of gas and 60 tonnes of CO2 per year. Measured 2025 vs the 2023 baseline: 328 MWh and 64 tonnes, ahead of target.

Building BC (Plaine). Full window-frame replacement across the 1,568 m2 building. Works from June 2024 to April 2025, reception in April 2025. Expected savings: about 500 MWh of gas and 100 tonnes of CO2 per year; the first measured year (347 MWh, 68 tonnes) is below target, with a full post-reception year still needed for a fair comparison.

Heat network and boiler room (Solbosch). The deepest intervention: hydraulic adaptation of the primary network, deep retrofit of the distribution side for variable-flow operation, modernised boilers with a flue condenser, and a heat pump maximising low-temperature recovery from cogeneration. Expected savings: about 2,400 MWh of gas plus 350 MWh of electricity per year, avoiding 550 tonnes of CO2. Measured 2025 vs 2023: 2,468 MWh of gas, 486 MWh of electricity, and 676 tonnes avoided, ahead of target.

Current status of the project

1
Overall savings
Measured savings already total around 808 tonnes of CO2 per year against a current forecast of 710 tonnes (the October 2025 forecast was 780 tonnes; Building BC has since been revised).
2
Works
Buildings H and BC are complete and operational. Final heat-network works ran in March 2026; hydraulic balancing runs to June 2026 and commissioning from February to June 2026.
3
Financial mechanism
The 2.1 million euro credit was disbursed in January 2025. Repayments fall due each 16 January; the first was confirmed made as of 17 April 2026.

A timeline of the project developments

2024
F’in Common signs the 2.1 million euro credit agreement with ULB
Jan 2025
Convention enters into force; funds disbursed
Mar 2025
Building H reception
Apr 2025
Building BC reception
Jan 2026
First annual ULB repayment
Mar 2026
Final heat-network works delivered
Jun 2026
Hydraulic balancing and commissioning of the heat network complete
2026-2027
Fixed repayments at 1/23rd of the total per year
From 2028
Repayments calibrated to measured energy-bill savings

Expected impact

Decarbonisation

Around 710 tonnes of CO2 avoided per year across the three sites, with measured results already ahead of that figure.

Energy

Annual savings in the order of 3,200 MWh of gas plus 350 MWh of electricity.

Finance

A working green-credit instrument, the first of its kind in Belgium, that other education institutions could adopt.

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