In order to reach the European energy efficiency target, investments need to exceed 100 billion euro annually. Therefore the EU has several support schemes:
- Horizon 2020 - under the 'secure, clean and efficient energy' chapter, different calls focus on buildings and financing topics.
- Project Development Assistance (PDA): ELENA - managed by the European Investment Bank that provides grants (90%) for technical assistance to launch large-scale sustainable energy investments. PDA, under Horizon 2020 (call EE20) available for smaller project sizes (€6-50 million).
- European Energy Efficiency Fund (EEEF) - The Fund operates as a dedicated bank to provide tailor-made debt and equity instruments for local and regional authorities.
- European Structural and Investment Funds (ESIF) - Substantial amounts (€23 billion) are ring-fenced to support the low-carbon economy, depending on the Operational Programme in your area. Building renovation is eligible for funding in the ERDF, Cohesion Fund and ESF. These funding opportunities could also be drawn together through Multi-Fund Operational Programmes.
- The Renovation Loan is an ESIF instrument that aims to combine public and private money for energy efficiency investments between €5-30 million. It provides access to finance at preferential conditions for loans up to 20 years maturity.
- Integrated Territorial Investment instrument (ITI) is another vehicle to leverage ESI funding and provides an option for Member States to combine infrastructure investment in energy efficiency and training staff.
- Private Financing for Energy Efficiency instrument (PF4EE) - Under the EU's LIFE programme, this pilot financial instrument will co-fund energy efficiency programmes.
- European Investment Advisory Hub (EIAH) - As from September 2015, the EIAH will provide guidance on delivering quality projects and investments, reinforcing the use of financial instruments and improving access to financing.