European Energy Efficiency Fund will raise €535m
In Belgium, the European Commission, European Investment Bank (EIB), Cassa Depositi e Prestiti (CDP) and Deutsche Bank announced a new European fund to provide market-based financing for commercially viable public energy efficiency and small-scale renewable energy projects within the European Union.
The European Energy Efficiency Fund (EEEF) aims to support EU member states to reach climate and energy goals, and plans exist to raise the total funding from the current EUR265 million to approximately EUR800 million thanks to further investors.
The EEEF will follow a two-track investment approach, which will either directly invest in projects or invest via financial institutions. Its layered risk/return structure aims to stimulate private investment with a fixed commitment of EU budget funds.
Category: Fuels
