Crowding in private finance
The LIFE Clean Energy Transition program's 'Crowding in private finance' topic aims to significantly increase private investment in energy efficiency and small-scale renewable energy across Europe. This initiative focuses on developing and implementing innovative, market-oriented financing schemes to overcome perceived risks and complexities, fostering a robust pipeline of sustainable energy investments. It is crucial for achieving the ambitious targets of the European Green Deal and reducing EU dependence on fossil fuel imports.
Who is Funded
The 'Crowding in private finance' topic under the LIFE Clean Energy Transition program seeks to mobilize substantial private capital for sustainable energy investments. It targets a broad range of entities and operates across eligible European countries, with a primary objective to accelerate the deployment of energy efficiency and small-scale renewable energy solutions.
What is Funded
This program specifically funds projects that develop and roll out innovative financing schemes focused on sustainable energy investments. These investments primarily involve energy efficiency measures and small-scale renewable energy sources and storage, particularly within buildings, SMEs, and district heating sectors. The funded activities are expected to lead to tangible energy savings, increased renewable energy generation, and a reduction in greenhouse gas emissions.
Type and Scope of Funding
The 'Crowding in private finance' topic operates as a grant-based program, providing financial contributions to eligible consortia. The total budget allocated for this specific topic is 5,250,000 EUR, with a suggested maximum EU contribution per proposal of up to 1,750,000 EUR. The funding is intended to catalyze larger private investments in sustainable energy, leveraging various financial instruments.
Conditions and Requirements
Applicants for the 'Crowding in private finance' topic must adhere to specific consortium requirements, including a minimum number of partners from different eligible countries. The application process and conditions are governed by various sections of the comprehensive call document, which details admissibility, eligibility, financial capacity, evaluation, and legal aspects of the grants.
Application Procedure
The application period for the LIFE-2024-CET call has concluded. The evaluation results have been communicated to applicants, signifying the completion of the selection process for proposals submitted under this specific topic.
Legal Basis
The 'Crowding in private finance' funding program is firmly rooted in the legal framework of the European Union, specifically governed by the LIFE Regulation and the broader EU Financial Regulation. These foundational documents provide the legal authority and operational guidelines for the program's implementation and financial management.
Similar Programs
Funding Overview
Funding Status:
Closed
Maximum Amount:
1,750,000 €
Allocated Budget:
5,250,000 EUR for LIFE-2024-CET-PRIVAFIN topic; 81,250,000 EUR for LIFE-2024-CET call
Deadline:
19.09.2024
Open Until:
Ongoing
Award Channel:
Framework Programme Call
Region:
European Union (EU Member States and eligible non-EU countries as defined in the call document, requiring at least 3 eligible countries for proposals)
Sectors:
Renewable Energy, Energy Production and Supply, Construction and Building Materials, Service Sector
Beneficiaries:
Households, Businesses, financial institutions, brokers, insurers, energy service companies, project developers, local and regional authorities, EU manufacturers of net-zero energy technologies
Application Type:
Consortium Required
Funding Stages:
Implementation, Market Introduction, Scaling
Funding Provider
Program Level:
European Union
Funding Body:
European Commission
Managed By:
CINEA (European Climate, Infrastructure and Environment Executive Agency)
Additional Partners:
Energy Efficiency Financial Institutions Group (EEFIG), European Energy Efficiency Financing Coalition, Smart Cities Marketplace
Website: