Scope:

a) Mainstreaming energy efficiency finance

Proposals should address at least one of the following issues:

  • Development, demonstration and promotion of frameworks for the standardisation, aggregation and benchmarking of sustainable energy investments. This could include for example, but not exclusively, labelling schemes, project rating methodologies and risk assessment tools, standardised legal and financial structures of assets (loans, guarantees, energy performance contracts etc.) in order to develop securitisation for energy efficiency based financial products. Proposals integrated in a broader approach such as socially responsible investment should focus on the energy component;
  • Capacity building for banks and investors at the national and local level, in particular on underwriting sustainable energy investments;
  • Gathering, processing and disclosing large-scale data on actual financial performance of energy efficiency investments, in order to create a track record for energy efficiency in different sectors (buildings, industry, transport, etc.). Proposals should build upon or complement the work of the Energy Efficiency Financial Institutions Group (EEFIG) e.g. the De-risking Energy Efficiency Platform[3] and the Commission’s Action Plan on Financing Sustainable Growth (COM (2018) 097 final)[4] and its follow-up initiatives.
  • Further integration of non-energy benefits in project valuation, in particular in the building sector, leading to evolution of existing financial products or creation of new targeted products;
  • Targeting institutional investors (e.g. public pension schemes) in order to increase the share of their funds invested in energy efficiency, or to develop specific funds or investment products. Supporting the integration of energy efficiency in portfolio management strategies for institutional investors and/or fund managers, including through re-definition of fiduciary duties;
  • Exploring the impact of revised risk ratings and requirements for energy efficiency on financial regulations (Basel III, Solvency II).

b) Innovative financing schemes for energy efficiency investments

Proposals should address the development or replication and implementation of innovative financing schemes for energy efficiency investments. They can involve different types of organisations, ownership structures and financing models. These schemes should address the provision of finance as well as the structuring of demand, in particular at regional/national level, and target specific areas (e.g. energy-intensive industries, buildings etc.).

In this context, proposals should address one or more of the following points:

  • Establishment of new innovative, operational financing schemes;
  • Replication of previously successful solutions e.g. developed and implemented under various project development assistance (PDA) facilities under the Horizon 2020 and Intelligent Energy Europe programmes (including MLEI PDA or ELENA);
  • Establishment of regional/national aggregators which are able to develop large (standardized) project pipelines;

Overall, proposals should justify how the proposed financing schemes complement already available funding and how they are tailored and innovative for the targeted regions and market segments; as well as clearly demonstrate the market potential, as well as business case and financial viability of the scheme (including investment sizes targeted, expected savings, transaction and management costs, expected returns etc.). In any case, proposals should include a clear action plan to communicate across Europe towards potential replicators.

Prosjekttype: CSA Coordination and support action
Støttegrense:
1-1,5 millioner euro
Søknadsfrist: 10-09-2020
Program: Horisont 2020
Arbeidsprogram: Secure, clean and efficient energy
ID: H2020-LC-SC3-2018-2019-2020

 

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