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Increasing Capacities in Cities for Innovative Financing in Energy Efficiency

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.
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Coordinator

CLIMATE ALLIANCE - KLIMA-BUENDNIS - ALIANZA DEL CLIMA e.V.

Address

Galvanistrasse 28
60486 Frankfurt Am Main

Germany

Activity type

Higher or Secondary Education Establishments

EU Contribution

€ 390 124,50

Participants (6)

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GROUPEMENT DE REDEPLOIEMENT ECONOMIQUE DU PAYS DE LIEGE

Belgium

EU Contribution

€ 266 500

INSTITUTO DE FOMENTO DE LA REGION DE MURCIA

Spain

EU Contribution

€ 172 312

SOFIA ENERGY CENTRE LTD

Bulgaria

EU Contribution

€ 144 812,50

ENERGINVEST

Belgium

EU Contribution

€ 146 500

RESCOOP EU ASBL

Belgium

EU Contribution

€ 65 313

CONSEIL DES COMMUNES ET REGIONS D'EUROPE

Belgium

EU Contribution

€ 327 375

Project information

Grant agreement ID: 649730

Status

Closed project

  • Start date

    1 February 2015

  • End date

    31 January 2018

Funded under:

H2020-EU.3.3.7.

  • Overall budget:

    € 1 512 938,75

  • EU contribution

    € 1 512 937

Coordinated by:

CLIMATE ALLIANCE - KLIMA-BUENDNIS - ALIANZA DEL CLIMA e.V.

Germany