Project Development Assistance

The European Commission has set up a series of facilities funding Project Development Assistance (PDA) to support ambitious public authorities - regions, cities, municipalities or groupings of those - and public bodies in developing bankable sustainable energy projects.

The PDA facilities aim to bridge the gap between sustainable energy plans and real investment through supporting all activities necessary to prepare and mobilise investment into sustainable energy projects. These activities can include feasibility studies, stakeholder and community mobilisation, financial engineering, business plans, technical specifications and procurement procedures.

PDA

The PDA facilities are funded through the Intelligent Energy - Europe programme (IEE). They are managed by different entities with specific targets and criteria. 4 ELENA facilities (European Local ENergy Assistance) are managed by public banks, and one facility (MLEI-PDA) is managed by the EACI.

All PDA facilities require a leverage factor, i.e. each Euro of EU funding must lead to a minimum level of investments in sustainable energy. The PDA facilities do not fund investments directly.

In addition, the European Energy Efficiency Fund can fund project development activities for the projects in which it brings financing.

PDA2 

 MLEI-PDA

Mobilising Local Energy Investments – Project Development Assistance
Operator: Executive Agency for Competitiveness and Innovation (EACI)
Project Investment volume: EUR 6 million – EUR 50 million; projects located in convergence regions may represent EUR 3 million.
Leverage factor: >15
Target group: Proposals must be submitted by public authorities or public bodies, but private entities are allowed to participate as partners. Entities from IEE programme countries are eligible.
Sectors covered in 2012: refurbishment of buildings, RES in buildings, district heating/cooling, energy efficient street-lighting, and clean urban transport. Note: Investments on private assets are eligible.
Examples of ongoing projects pdf - 375 KB [375 KB]
Submission of proposals: annual IEE Call for Proposals
> More information

 EIB-ELENA

European Investment Bank - European Local Energy Assistance
Operator: European Investment Bank (EIB)
Project Investment volume: > EUR 50 million
Leverage factor: > 20
Target group: Proposals must be submitted by public authorities or public bodies from countries eligible to IEE.
Sectors covered in 2012: energy efficiency in public and private buildings, including social housing, and street and traffic lighting; RES in buildings; district heating/cooling; decentralised CHP systems; urban transport; freight logistics in urban areas; local infrastructure, including smart grid and ICT for energy efficiency, energy-efficient urban equipment, intermodal transport facilities and refuelling infrastructures for alternative fuel vehicles.
Examples of ongoing projects
Submission of proposals: any time directly to the EIB
> More information

 KfW-ELENA

Operator: KfW banking group
Project investment volume: < EUR 50 million
Leverage factor: > 20
Target group: Proposals must be submitted by public or private financial institutions implementing the sustainable energy investment programme in countries eligible to IEE.
Final beneficiaries: Local and regional authorities or entities acting on their behalf
Sectors covered in 2012: energy efficiency in public and private buildings, and in street and traffic lighting; RES in buildings; district heating/cooling; decentralised CHP systems; urban transport; freight logistics in urban areas; local infrastructure; municipal waste-to-energy projects; energy efficient equipment and appliances in SMEs and households.
Submission of proposals: any time directly to the KfW
> More information

 CEB-ELENA

Operator: Council of Europe Development Bank
Project investment volume: < EUR 50 million
Leverage factor: > 20
Target group: Proposals must be submitted by public authorities, public bodies, or banks, established in countries both eligible to IEE and members of CEB
Sectors covered in 2012: public buildings, housing for low-income households, public local transport infrastructure, and public utilities infrastructure.
Submission of proposals: any time directly to the CEB
> More information

 EBRD-ELENA

More information will come soon.

 EEE-F (European Energy Efficiency Fund)

The EEE-F has been launched in 2011 with the aim of investing in energy saving, energy efficiency and renewable energy projects, particularly in urban settings, achieving at least 20% energy saving or GHG/CO2 emission reduction. Unlike the PDA facilities, the EEE-F finances both project development and investments.

The fund offers senior and junior loans, guarantees or equity participation in projects launched by public authorities, public bodies, or ESCO's working on a public contract. The fund is operationally managed by Deutsche Bank. The initial fund volume is EUR 265 million invested by:

  • the European Union (EUR 125 million),
  • the EIB (EUR 75 million),
  • Cassa Depositi e Prestiti (EUR 60 million), and
  • Deutsche Bank (EUR 5 million).

In addition, the EEE-F has a budget to fund project development activities for the projects in which it brings financing. The leverage factor has to be 20 at least.

Applications are submitted directly to the Fund Manager – Deutsche Bank, after the online eligibility check of the project .

> More information 

Last update: 07/11/2013 | Top