EASME

Project Development Assistance (PDA)

Project Development Assistance (PDA)

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.

The PDA facilities were funded through the Intelligent Energy - Europe programme (IEE) and now through Horizon 2020 Energy Efficiency.

Under IEE, they were managed by different entities with specific targets and criteria. 4 ELENA facilities (European Local ENergy Assistance) were managed by public banks, and one facility (MLEI-PDA) was managed by the EASME.

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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. 
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 projects
 

EIB-ELENA

European Investment Bank - European Local Energy Assistance
Operator: European Investment Bank (EIB)
Project Investment volume: > EUR 50 million 
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 projects
 

KfW-ELENA

Operator: KfW banking group
Project investment volume: < EUR 50 million
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.
 

CEB-ELENA

Operator: Council of Europe Development Bank
Project investment volume: < EUR 50 million
Sectors covered in 2012: public buildings, housing for low-income households, public local transport infrastructure, and public utilities infrastructure.
 

EEE-F (European Energy Efficiency Fund)

The EEE-F 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