EUROPEAN ENERGY EFFICIENCY FUND (EEEF)

Total budget (EU28): €146 million
Description

The European Energy Efficiency Fund (EEEF) is a public-private partnership dedicated to mitigating climate change through energy efficiency measures and the use of renewable energy in the Member States of the European Union.

To reach its final beneficiaries, EEEF can pursue two types of investments; direct investments and investments into financial institutions.

Amount
Type Application Deadline
Public-Private Partnership 29 Oct 2013
Who can apply? Countries
Local and Regional authorities, Corporations, SMEs, Associations Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, United Kingdom
Objectives

The European Energy Efficiency Fund (EEEF) aims to support the goals of the European Union to promote a sustainable energy market and climate protection, by contributing to the mitigation of climate change, financing economically sound projects, and attracting private and public capital into climate financing.

Details

To reach its final beneficiaries, EEEF can pursue two types of investments; direct investments and investments into financial institutions.

Direct Investments -These comprise projects from project developers, energy service companies (ESCOs), small scale renewable energy and energy efficiency service and supply companies that serve energy efficiency and renewable energy markets in the target countries.

Investments into Financial Institutions - These include investments in local commercial banks, leasing companies and other selected financial institutions that either finance or are committed to financing projects of the Final Beneficiaries meeting the eligibility criteria of EEEF.

Investment Categories relevant to rural areas:

Energy Saving and Energy Efficiency investments:

  • Public and private buildings incorporating renewable energy and/or energy efficiency solutions including those based on the usage of Information and Communication Technologies (ICT);
  • Investments in high energy efficient combined heat and power (CHP), including micro-cogeneration, and district heating/cooling networks, in particular from renewable energy sources;
  • Local infrastructure, including efficient lighting of outdoor public infrastructure such as street and traffic lighting, electricity storage solutions, smart metering, and smart grids, that make full usage of ICT;
  • Energy efficiency and renewable energy technologies with innovation and economic potential using the best available procedures.

Investments in Renewable Energy sources include:

  • Distributed generation from local renewable energy sources, to medium and low voltage (110kV and lower) distribution networks;
  • Smart-grids enabling higher renewable energy sources uptake;
  • Energy storage to allow storing part of the energy produced from intermittent sources during low-consumption hours and feeding this energy back at times of peak-demand;
  • Decentralised energy sources can also be the injecting of locally produced biogas into the natural gas network;

Microgeneration from renewable energy sources meaning distributed energy from renewable energy, typically providing below 50kW output that is concerned with heat and/or power production technology aimed at the individual domestic households, houses of multiple occupancy, multiple dwellings, and light commercial sectors. The technologies include but are not limited to photovoltaic, micro-wind power, micro-hydro power, ground-, water- and air source heat pumps, solar heating, solid biomass/biogas heating, and micro CHP using renewable energy sources.

Contact point

EEEF Eligibility Check

Investees
investments@eeef.eu

Technical Assistance
technical_assistance@eeef.eu

Links