Among the EU funding opportunities, Horizon 2020 Project Development Assistance (PDA) supports investments in energy efficiency by funding all project development activities such as feasibility studies, financial engineering, business plans, technical specifications or procurement procedures. This instrument is vital to build a massive pipeline of bankable projects. See our infographic.
How does PDA work?
In every project funded, a significant investment portfolio is built. For every million EURO of support, investments of at least EUR 15 million are to be triggered. This in turn boosts the further development of the sustainable energy market and accelerates the achievement of related EU targets. Check the PDA Frequently Asked Questions (FAQ) guide.
Success stories so far…
To date, PDA has funded 28 projects leading to investments of more than EUR 680 million. For instance, three successful projects are:
- Low-energy retrofit of condominiums in the Ile de France Region with MLEI POSITIF, France.
- Retrofit of a significant share of Zagreb's public building stock with MLEI ZagEE, Croatia.
- Joint procurement of energy performance contracts for municipal street lighting in the Teramo province with MLEI PARIDE, Italy.
By facilitating project bundling and investment structuring, PDA helps to attract additional funding and bridge the gap between project developers and financiers. Cities and regions committed to ambitious energy savings are given the means to concretise their plans through large scale investments.
Want to apply for funding? New success stories are waiting to be written!
Proposals can be submitted by at least 1 public or private entity and cover a wide range of sectors, e.g.:
- Existing public and private buildings;
- Street lighting;
- Energy efficient retrofitting of existing district heating/cooling schemes;
- Energy efficiency in urban transport; and
- Energy efficiency in industry and services.
Information webinar on PDA – 20 May 2016
If you want to know how PDA works, learn more about the success stories and how to apply for funding: follow our webinar on 20th May 2016 from 10:00 to 11:00 online.
EASME project advisers will present this innovative funding tool and will answer to questions. You are welcome to send them to EASME-Energy@ec.europa.eu
The live webstreaming link will be active on May 20th a few minutes before 10:00. It will be recorded and made available at the same address.
Twitter chat on PDA
A live Twitter chat will follow the webinar on 20 May 2016 at 11:00. Send us your questions to @H2020EE by using #askEASME #EnergyFinancing
If you are planing to apply for funding, you can also follow our webinar on PDA the 30 June 2016 from 15:00 - 16:00 CET. This webcast link will only be active that day a few minutes before 15:00. Recordings will be available afterwards at the same link. You are welcome to send your questions in advance to EASME-Energy@ec.europa.eu
More information on funding opportunities with PDA here
A deeper look into our success stories…
The Ile-de-France Region launched a semi-public Energy Service Company (ESCO) - Energies POSIT'IF - that has developed an innovative solution to tackle energy efficiency in condominiums, which is a challenging segment of the housing market. Apartment owners receive an all-inclusive deep retrofit programme including guaranteed energy savings and a Third Party Finance component. 32 condominiums are renovated in a first step with the aim to save those buildings between 40% and 75% of energy use. Énergies POSIT’IF is one of the first recipients to receive a EUR 100 million loan from the European Investment Bank as part of the Investment Plan for Europe.
The City of Zagreb was one of the first European capital cities to join the Covenant of Mayors initiative and it has set ambitious targets in order to meet the obligations defined in its Sustainable Energy Action Plan. With ZagEE the city renovates a significant share of its public building stock, covering 87 public buildings, and public lighting. Near to 50% of energy savings will be achieved in the retrofitted buildings and 70% in public lighting. The ZagEE project is a pioneer project in Croatia and the wider region; it will serve as a shining example and roadmap for other local authorities to follow and learn how to implement large scale sustainable energy projects.
The province of Teramo (Italy) has mobilised 32 municipalities in order to procure jointly energy performance contracts (EPC) on their street lighting facilities. EPC is a contract in which investments in energy efficiency are made by an Energy Service Company (ESCO), which is repaid through the savings over the lifetime of the contract. The municipalities get lower bills with a guaranteed level of savings, and retrofitted street lights.
Street lighting management contracts are currently being awarded in 3 lots, representing a total of around EUR 150 million over up to 24 years, of which EUR 20 million will be invested in energy efficiency and renewables.
These three successful projects could be replicated in your region!
Since 2012, the European Commission's Executive Agency for Small and Medium-sized Enterprises (EASME) supports the development of investments in energy efficiency and renewables by annual calls for proposals under the Intelligent Energy Europe and Horizon 2020 programmes.
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