The Board of the European Investment Bank (EIB) has announced that it has approved the creation of a new ‘Smart Finance for Smart Buildings’ (SFSB) facility, which will make investments in energy efficiency for residential buildings more attractive for private investors, by using EU grants as guarantees to de-risk investments.
The European Commission hopes that the new facility, alongside other tools of the Clean Energy for All Europeans initiative, will unlock €10 billion in public and private investments for energy efficiency projects by 2020.
This investment, the Commission estimates, could create up to 220,000 jobs and establish a renovation market for small businesses in Europe worth up to €120 billion, whilst taking 3.2 million Europeans out of energy poverty.
The SFSB will also offer assistance with project development, as many households lack the skills and capacity to set up, implement and finance ambitious energy efficiency projects.
For more information, see DG Energy’s page on Financing Energy Efficiency.
"Financing of energy efficiency in Spain through European initiatives and programs" is the title of the day organized by EnerInvest.
First part of an article written with a contribution from Pedro Asti, MA student from the University of Padua.
Here in Seville time passes productively between a conference and a workshop.
A day full of networking, project ideas, inspiration and tips for preparing your application - join us for #europecooperates in March!
The clean energy transition will be in the spotlight during the EU Sustainable Energy Week (EUSEW), taking place during the week of 4-8 June 2018 in Brussels.
REGIO-Mob Dissemination Event in Edinburgh, Scotland.