Project description
A new ecosystem for energy efficiency financing
The financial sector does not consider energy efficiency an attractive investment. One way to increase energy efficiency financing is to standardise and benchmark. The EU-funded PROPEL project will create a holistic resource centre – the Sustainable Energy Finance Association (SEFA) – to develop, sell, contract and finance sustainable energy projects at the required scale in Europe. Specifically, it will build on the consortium’s significant ownership of a full range of necessary standardised financing collateral. PROPEL will focus on building and testing this new ecosystem in Belgium, Greece, Italy and the Netherlands, reaching out to more than 400 energy efficiency project developers (supply side), 50 end-client representatives (demand side), and 30 financiers (banks and financial funds).
Objective
The potential for mainstreaming energy efficiency financing will be addressed by the PROPEL consortium by creating a single, holistic resource centre in Europe, which will be maintained and has ALL the critical collateral and resources required to develop, sell, contract and finance sustainable energy projects at the required scale. The PROPEL project will build on the consortium’s significant ownership of, and access to, the full range of necessary standardised financing collateral, to deploy this collateral in the market while at the same time, firmly establish an industry association, the Sustainable Energy Finance Association (SEFA), which will act as THE knowledge and resource centre for the mainstreaming of finance into sustainable energy assets, not only during the project’s lifetime but long after its completion. The PROPEL project will develop an integrated ecosystem of financing collateral and relevant actors, which together will drive the market for sustainable energy assets forward. PROPEL will focus on building and testing this ecosystem in four countries (Belgium, Greece, Italy, Netherlands), reaching out to a minimum of 400 EE projects developers (supply side), 50 end-client representatives (demand side), and 30 financiers (banks and financial funds). PROPEL is expected to trigger €20M of investments into EE Projects within the project duration, leading to 40,46 GWh of annual primary energy savings and 10’890 tCO2 savings. These impacts are estimated to grow 25 fold within the 5 years after the project, due to PROPEL’s aim at creating a long-lasting eco-system, which will be hosted by SEFA. The PROPEL consortium has a wealth of expertise in developing standardised collateral and putting together the building blocks for development of a single ecosystem of collateral and actors that will enable and facilitate the scaling up and acceleration of financing to the sustainable energy market.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
- engineering and technology environmental engineering energy and fuels renewable energy
- natural sciences biological sciences ecology ecosystems
- engineering and technology civil engineering architecture engineering sustainable architecture sustainable building
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Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.3.3. - SOCIETAL CHALLENGES - Secure, clean and efficient energy
MAIN PROGRAMME
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H2020-EU.3.3.7. - Market uptake of energy innovation - building on Intelligent Energy Europe
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H2020-EU.3.3.1. - Reducing energy consumption and carbon foorpint by smart and sustainable use
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
CSA - Coordination and support action
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-LC-SC3-2018-2019-2020
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
40125 Bologna
Italy
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.