Financing large scale energy efficiency investments present many challenges including lack of knowledge about financing opportunities for regions and little expertise on developing SECAPs. Guarantee Funds, Public Private Partnerships, Crowdfunding are just some of the solutions which are being developed, expanded and piloted in different regions. These often require policy and legislative changes which Energy Agencies need to champion. In an era when there is significant liquidity available in the European finance sector, now is an important moment to maximise investments.
On 14 January 2020, the European Commission presented the European Green Deal Investment Plan, which will mobilise at least €1 trillion of sustainable investments over the next decade. It will enable a framework to facilitate public and private investments needed for the transition to a climate-neutral, green, competitive and inclusive economy. Supported by investments in green technologies, sustainable solutions and new businesses, the Green Deal can be a new EU growth strategy. FEDARENE aims to help regions and agencies to obtain the most appropriate financing for their needs, both from the EU or from alternative sources.
FEDARENE’s Financing Working Group is chaired by our Vice-Presidents Maria Fabianelli and Vlasta Krmelj.
Improving the energy performance of buildings is a priority, but can be difficult to support because of the high investment needed and long payback time. Mainstreaming innovative financing schemes for energy efficiency investments (such as EPCs and others) is thus key if we want to accelerate the renovation process at EU level.Maria Fabianelli, Vice-President for Energy Efficiency and Investment
With good technical documentation and cooperation of stakeholders, different financial mechanisms and sources can be found to implement energy projects. A lack of money should not be the excuse for not implementing the energy transition!Vlasta Krmelj, Vice-President for Financing and Investments