New European Energy Efficiency Fund was launched on 1st of July

July 12, 2011 at 5:56 pm | Posted in General | Leave a comment
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The European Commission, European Investment Bank together with Deutsche Bank and Cassa Depositi e Prestiti have launched a 265 Mil EUR European Energy Efficiency Fund. The fund is targeted mostly for projects of the local or regional  public authorities, but was conceived as  a means of leveraging  private finance for efficiency projects, which might not otherwise offer high enough short-term returns to attract investors.

First projects that will be financed are likely to be public building renovations  in Italy. The Fund criteria could also  cover sustainable energy investments in combined heat and power systems, decentralised renewable energy sources, clean urban transport and infrastructure modernisation, from smart grids to street lights.

More details here.

Anca Bieru

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