European Energy Efficiency Facility
The €265 million fund to facilitate European Energy Efficiency projects was launched on July 1st 2011.
The European Commission is investing €125 million of unspent EEPR funds in this new European Energy Efficiency Fund (EEEF), the European Investment Bank (EIB) is putting up €75 million, and the mostly state-owned Italian bank Cassa Depositi e Presiti is committing another €60 million. The Deutsche Bank is also contributing €5 million as the Fund's nominated investment manager.
The Fund was conceived as a means of leveraging finance for efficiency projects, which might not otherwise offer high enough short-term returns to attract investors. It will take the form of an investment fund complemented by technical assistance (TA) and awareness raising.
The EEE-F will invest in energy saving, energy efficiency and renewable energy projects, particularly in urban settings.
For full information on the new EEE-F fund, please click here.
