Project description
Mainstreaming the refinanceability of energy efficiency projects
Promoting an energy efficiency service (EES) market is a priority in the EU. To uncap the full potential of EES in the different market segments, the EU-funded REFINE project will contribute to the supply of sufficient and attractive financing sources to energy efficiency investments. It will do this through refinancing schemes enabling EES providers to clean up their balance sheet, thus gaining financial leeway for new projects. The project will also reduce transaction costs of refinancing schemes through standardisation and facilitate risk assessment through increased transparency and use of credit guarantees. The wider uptake of refinancing schemes in the energy efficiency business hinges on know-how on the practical side of implementation.
Objective
The ultimate goal of the REFINE-project is to contribute to the supply of sufficient and attractive financing sources to energy efficiency investments through enhancement of refinancing schemes which are understood as important amplifier for market growth. Refinancing is an approach where an EES provider sells and a refinancing institution acquires receivables to be paid by an EES client.
The project activities focus on the enhancement of refinanceability of energy efficiency projects, consisting of the following elements: Ensuring admissibility of refinancing schemes for energy efficiency projects; reducing transaction cost of refinancing schemes through standardisation; and facilitating risk assessment through increased transparency and use of credit guarantees. Based on the assessment of existing good practice examples, generic refinancing schemes are derived and supporting tools are developed, such as standardised contract stipulations and a rating system. The enlarged use of refinancing schemes in the energy efficiency business is stimulated by awareness raising among all relevant target groups and by capacity building improving know-how on practical implementation of refinancing schemes.
The consortium covers 11 countries focussing on South and Eastern Europe since energy efficiency projects in these countries suffer most from financing barriers. The project applies a collaborative approach to all its project activities bringing together financial institutions, EES providers and facilitators.
Fields of science (EuroSciVoc)
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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.
1100 WIEN
Austria
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.