Crowding in private finance
The LIFE-2023-CET-PRIVAFIN program aims to significantly boost private investment in energy efficiency and small-scale renewable energy sources across Europe. It seeks to establish innovative financing schemes and engage financial institutions to adapt their investment practices, thereby overcoming perceived risks and complexities in sustainable energy investments. This initiative is crucial for achieving the ambitious targets of the European Green Deal and the REPowerEU Plan.
Who is Funded
This section outlines the general eligibility criteria for funding, detailing the types of applicants and the geographical scope, along with the program's primary goals. The program primarily targets entities capable of developing and implementing innovative financial solutions for sustainable energy investments across Europe, emphasizing a collaborative approach.
What is Funded
This section details the specific types of projects, thematic areas, and activities that are eligible for funding, including information on covered costs and the typical development stage of supported initiatives. The program focuses on market-oriented solutions that directly encourage private investment in clean energy.
Type and Scope of Funding
This section provides a clear overview of the financial support available, including the type of financial instrument, the maximum funding amounts, and the co-financing rates. It outlines the financial parameters designed to catalyze significant private investment in sustainable energy.
Conditions and Requirements
This section outlines the essential rules and specific conditions that applicants and beneficiaries must adhere to throughout the application and project implementation phases. It covers consortium formation, eligibility, and other pertinent provisions.
Application Procedure
This section guides potential applicants through the process of submitting a proposal, detailing the flow, evaluation, and communication of decisions. It highlights the structured steps for securing funding under this program.
Legal Basis
This section outlines the foundational legal and official documents that authorize, establish, and govern the "Crowding in private finance" funding program. It identifies the primary source of its legitimacy and significant overarching regulations.
Similar Programs
Funding Overview
Funding Status:
Closed
Maximum Amount:
1,500,000 €
Allocated Budget:
6,500,000 €
Award Channel:
Framework Programme Call
Region:
European Union
Sectors:
Renewable Energy, Energy Production and Supply, Service Sector, Financial Technology, Environmental and Climate Protection
Application Type:
Consortium Required
Funding Stages:
Implementation, Commercialization, Policy Development
Funding Provider
Program Level:
European Union
Funding Body:
European Commission
Managed By:
CINEA (European Climate, Infrastructure and Environment Executive Agency)
Website: