One year ago, the Energy Efficiency Financial Institutions Group (EEFIG) published its final report on recommendations how to increase investments in Energy Efficiency. 12 months later, project developers, financial institutions, policy makers and other interested stakeholders gathered to evaluate the current situation and the progress achieved, to discuss how to increase deal flow, necessary next market solutions and pitch funding to interested developers. Finacon was represented at the event, and here is our briefing.
With speakers from DG Energy (European Commission), UNEP-FI, the German Federal Ministry for Economic Affairs and Energy, the US Department of Energy, the Deutsche Bank, the European Investment Bank, Joule Assets, SUSI Partners and more, the conference provided valuable insights for the energy efficiency market. Successful financing models were presented, investors approach on the topic, how they choose their target areas and funded projects. The informal breaks were the ground to discuss concrete ways to attract financing for energy efficiency projects. The event was the starting point for several collaborations, and some of them will be seen also on the Romanian market in the near future.
The conclusion is that there are several financing sources for energy efficiency projects, may it be through private equity or EU grants. We just have to prepare and propose coherent projects, that can attract such financing.