The technical and economic viability of sustainable energy projects is of great interest to public institutions, businesses and individuals due to the associated energy savings and the additional economic and environmental benefits. The EU has articulated numerous mechanisms to encourage the mobilization of investment in terms of sustainable energy, and in Spain there are currently several of them applied to finance such projects. However, there was a set of barriers that hinders a greater development of them, standing out the lacks of:
- trust among investors in financial viability
- public and private capabilities in project structuring
- emblematic successful cases that can be a reference model.
- lack of confidence in new energy models
ENERINVEST addressed those issues by creating a consulting platform which provides financial, technical and legal solutions to sustainable energy, developed in Spain and promoted by both the public authorities and the private sector, facilitating the dialogue among the different stakeholders involved in all the SEPs phases, so that trust has been generated among the different parties. Therefore, the initiative sought:
- To become the reference national platform in the field of sustainable energy projects financing
- To cover the existing gap between the financial and the sustainable energy sectors
- To promote higher and more efficient investment in sustainable energy projects.
These objectives were achieved through a multidisciplinary work, which has been performed jointly by the public and private entities participating in the ENERINVEST partnership.
The ENERINVEST main stakeholders are: 1. Sustainable energy projects promoters, such as public authorities, private companies or individuals, 2. Financial entities, such as banks, private investors, capital funds, crowdfunding initiatives, etc. and 3. Policymakers and regulatory bodies responsible at national, regional or local levels. Moreover, other interested groups might be electric suppliers, energy consumers, technological and components companies, energy service companies, communication-media or academic institutions, which are invited to participate in all activities performed throughout the project.
