Bristol has made a name for itself as one of the UK’s most progressive cities – and is currently holding the prestigious Green Capital title . Now, with help from the EIB via ELENA funding , Bristol is setting up its own energy company. A spokesperson from Bristol City Council tells us all about it.
Supported by Intelligent Energy Europe, the project Mobilising Local Energy Investment (MLEI) Cambridgeshire (L-CIF), which has been running since late 2012, aimed at testing the business case for a local Low Carbon Investment Fund by using public money and public sector projects to leverage private investment and develop a bankable pipeline of projects.
The context for sustainable energy has changed rapidly during the last decade – with many new players – financial institutions, national authorities and grassroots initiatives (such as the community energy movement ) engaged and active in the field.
Energy performance contracting (EPC) has been in place in the EU for over thirty years, but the market remains underdeveloped. This is despite increasing and volatile energy prices, federal and state energy-savings mandates, and a growing awareness of the need for large-scale action to limit greenhouse gas emissions. This is the assessment of Volker Dragon, Senior Manager Industry Affairs with Siemens Technologies and Chairman of the European Association of Energy Service Companies.
Ralf Goldmann, Deputy Technical Advisor, Energy Efficiency & Small Scale Energy Projects Division, Energy Department, European Investment Bank (EIB) , who will be presenting at the upcoming ESCO Europe conference , offers an insight into the Bank’s involvement in project aggregation and its support of energy efficiency programmes.
According to Lieven Vanstraelen, Co-CEO, Inerginvest, Belgium, who will be speaking at ESCO Europe 2015, one of the most distinct trends in the European ESCO market today is that of aggregation. A growing number of projects are coming out, such as Gre-Liège, where aggregation is being used to kickstart the markets. This trend, which began two years ago, is even more accentuated today.
The workshop was convened by the Executive Agency for Small and Medium-Sized Enterprises (EASME), in cooperation with DG Regio and Dg Energy. During the workshop, project promoters from Europe’s cities and regions described local approaches to innovative financing solutions for sustainable energy projects. This is of particular importance in the context of the European Structural and Investment Funds allocation of EUR 40 billion to the low carbon economy.
Interested stakeholders – such as staff working on mobility in municipalities or regional authorities, elected officials of municipalities and regions, energy and mobility experts, members of the European Parliament and institutions – are invited to join the upcoming Open Days workshop on Active transport in the metropolitan century: Policies and measures to support walking and cycling and their impact on urban development.
Sustainable energy is already benefitting from the European Fund for Strategic Investments (EFSI, also known as the Juncker Plan).
The GaSeS project from SENSIA Solutions, aims at developing the first low-cost handheld infrared camera for fugitive emissions, early detection and location. It is expected to increase energy efficiency in industrial plants, infrastructures and utilities; addressing the industry’s need to tackle gas leaks and increase efficiency, security, environmental care and pollution control.
An Investment Plan for Europe was announced by the European Commission in late 2014 as a priority. The objective is to stimulate additional investment in the European economy to promote growth and job creation by mobilising at least EUR 315 billion additional investment and to change the way public money is spent structurally, opening up new investments.
Marie Donnelly is a Director at the European Commission’s Directorate-General for Energy. Here she talks about empowering citizens in the energy transition and her vision of Europe’s energy future.
The pressure is on for municipalities to play their part in global energy transition – but where are the funds to fuel these changes? In France’s Essonne a major infrastructural shift towards boosted energy efficiency has begun... bankrolled by the global capital market.
As part of the Horizon 2020 programme, the European Commission is hand-picking potentially disruptive businesses to invest and support as part of the SME Instrument. Successful applicants could receive up to €2.5 million in funding, and world-class business coaching.
Exciting new models of financing for sustainable energy are emerging – and supported by the European Commission’s EUR 80 billion funding program Horizon 2020. Granted EUR 2 million in funding under the Horizon 2020 call EE-20, the RESCOOP MECISE project plans to trigger EUR 111 million of investment into sustainable energy.
Brussels, 15th April 2015 - Today, the European Commission’s Directorate-General for Climate Action (DG CLIMA) launched the report ‘Shifting private finance towards climate friendly investments’ commissioned to the Climate Bonds Initiative, 2 degrees Investing, CDC Climat, Frankfurt School of Finance and Management’s UNEP Collaborating Centre for Climate & Sustainable Energy Finance, and Triple E Consulting.
In October 2014, Örebro Kommun, rated AA+ by Standard and Poors, issued 5 year bonds of SEK 750 million (82 million euro / 104 million USD), to support the funding of projects aimed at facilitating the transition to low-carbon and climate-resilient growth.