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Mainstreaming of refinancing schemes as enhancer for the implementation of energy efficiency service projects

Project information

Grant agreement ID: 894603

Status

Ongoing project

  • Start date

    1 June 2020

  • End date

    31 May 2023

Funded under:

H2020-EU.3.3.7.

H2020-EU.3.3.1.

  • Overall budget:

    € 1 745 697,50

  • EU contribution

    € 1 745 697,50

Coordinated by:

E7 ENERGIE MARKT ANALYSE GMBH

Austria

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.

Coordinator

E7 ENERGIE MARKT ANALYSE GMBH

Address

Walcherstrasse 11/43
1020 Wien

Austria

Activity type

Private for-profit entities (excluding Higher or Secondary Education Establishments)

EU Contribution

€ 328 118,75

Participants (10)

BANKIA SA

Spain

EU Contribution

€ 158 192,50

CREARA CONSULTORES SL

Spain

EU Contribution

€ 155 976,25

REGIONALNA ENERGETSKA AGENCIJA SJEVEROZAPADNE HRVATSKE

Croatia

EU Contribution

€ 153 727,50

SEVEN, THE ENERGY EFFICIENCY CENTER Z.U.

Czechia

EU Contribution

€ 126 486,25

CENTRE FOR RENEWABLE ENERGY SOURCES AND SAVING FONDATION

Greece

EU Contribution

€ 121 288,75

INSTITUT JOZEF STEFAN

Slovenia

EU Contribution

€ 139 021,25

Carr Communications Limited

Ireland

EU Contribution

€ 157 461,25

FEDERESCO

Italy

EU Contribution

€ 139 290

FUNDING FOR FUTURE BV

Netherlands

EU Contribution

€ 192 450

INTERNATIONAL NON-GOVERNEMENT ORGANIZATION HOUSING AND MUNICIPAL REFORM SUPPORT CENTRE

Ukraine

EU Contribution

€ 73 685

Project information

Grant agreement ID: 894603

Status

Ongoing project

  • Start date

    1 June 2020

  • End date

    31 May 2023

Funded under:

H2020-EU.3.3.7.

H2020-EU.3.3.1.

  • Overall budget:

    € 1 745 697,50

  • EU contribution

    € 1 745 697,50

Coordinated by:

E7 ENERGIE MARKT ANALYSE GMBH

Austria