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Increasing Capacities in Cities for Innovative Financing in Energy Efficiency

Objective

CITYnvest strives to introduce innovative financing models (revolving funds, EPC,TPF, cooperative models, etc.) in 3 Pilot Regions (partners Liège (BE), Rhodope (BG) and Murcia (ES)) and conduct a wide-scale capacity building programme in 10 focus countries concerning specific financial instruments/business models. The assessment of innovative financial models is integral to discovering opportunities and identifying and overcoming barriers that specifically local and regional levels face. The project aims to develop a web-based portal that provides diverse practical guidance and match-makes experienced forerunners with less-experienced first-timer authorities. CITYnvest will spread the under-utilized financing models that enable project bundling and aggregation by mobilising the entire value chain at the regional/local level towards Horizon 2020’s energy efficiency goals.

To succeed, the project will first tackle public authorities’ lack of understanding and knowledge on innovative financing models for sustainable energy services, especially retrofitting the building stock. Second, CITYnvest’s concrete guidance will ensure in-depth capacity building and training. Third, close collaboration with authorities will trigger innovative financing schemes implementation and mobilise finance for energy efficiency services. Organization of consistent follow-up will monitor progress towards the objective of 37,5 GWh savings/year and other commitments. Finally, the national structures (of CEMR and CA) and invited experts will liaise with the participating public authorities in the capacity building programs to achieve CITYnvest’s goal of ensuring long-term engagement.

CITYnvest partners liaise with an Advisory Expert Group and pool of experts to provide the expertise and guidance/training. CITYnvest will further create synergies with other wide-spread initiatives, such as the Covenant of Mayors, linking SEAPS to innovative financing models for energy efficiency.

Call for proposal

H2020-EE-2014-3-MarketUptake
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Coordinator

CLIMATE ALLIANCE - KLIMA-BUENDNIS - ALIANZA DEL CLIMA e.V.
Address
Galvanistrasse 28
60486 Frankfurt Am Main
Germany
Activity type
Other
EU contribution
€ 390 124,50

Participants (6)

GROUPEMENT DE REDEPLOIEMENT ECONOMIQUE DU PAYS DE LIEGE
Belgium
EU contribution
€ 266 500
Address
Rue Sainte Marie 5
4000 Liege
Activity type
Other
INSTITUTO DE FOMENTO DE LA REGION DE MURCIA
Spain
EU contribution
€ 172 312
Address
Avenida De La Fama 3
30003 Murcia
Activity type
Public bodies (excluding Research Organisations and Secondary or Higher Education Establishments)
SOFIA ENERGY CENTRE LTD
Bulgaria
EU contribution
€ 144 812,50
Address
Galitchitsa 37 Entr 2 2Nd Floor
1164 Sofia
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
ENERGINVEST
Belgium
EU contribution
€ 146 500
Address
Rue Joseph Coosemans 107
1030 Bruxelles
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
RESCOOP EU ASBL
Belgium
EU contribution
€ 65 313
Address
Avenue Milcamps 105
1030 Bruxelles
Activity type
Other
CONSEIL DES COMMUNES ET REGIONS D'EUROPE
Belgium
EU contribution
€ 327 375
Address
Square De Meeus 1
1000 Bruxelles
Activity type
Other