How to apply for the ELENA facility ManagEnergy Capacity Building Workshop
Transcription
How to apply for the ELENA facility ManagEnergy Capacity Building Workshop
How to apply for the ELENA facility Reinhard Six Energy efficiency & Renewables Division European Investment Bank ManagEnergy Capacity Building Workshop Bilbao 7 November 2012 Bilbao, 07/11/2012 European Investment Bank / ELENA Facility 1 ELENA Facility y Background g Objectives Eligibility g y Supported activities Application procedure Examples 07/11/2012 European Investment Bank / ELENA Facility 2 European Local ENergy Assistance ELENA Energy and Climate Change goals require cities to invest in large-scale EE/RES programmes; Key is to find scaleable and replicable investment models. models Opportunities: Large investment potential at local level (buildings; transport; local energy) Significant subset of investments have p positive NPV; ie g grants not needed. Hurdles: cities often constrained by lack of: Investment capacity; Technical expertise, administrative barriers. 07/11/2012 European Investment Bank / ELENA Facility 3 Why to support project development? Need to accelerate investment and reduce transaction costs: Group together small projects and develop a standard approach Attract investor attention N d tto access competitive Need titi fifinancing i Efficient use of grants EIB (but not limited to) can provide financing. => results in need for better project development Go beyond “business as usual approach” (scale & timing) Lack of funding for project development Studies in the shelf or p pilots implemented p but no large g scale replication Need for Project Implementation Units (increase of internal staff needs and external expertise) 07/11/2012 European Investment Bank / ELENA Facility 4 ELENA in short EC-EIB cooperation to support local and regional authorities to reach 20-20-20 targets. Technical Assistance facility: managed by EIB; funded by EU budget (CIP/IEE programme). Application to energy efficiency; local renewables; clean urban transport. M k t replication Market li ti ffocus (min ( i investment i t t EUR 50 m). ) Investment leverage required (ratio 20; from 2011 onwards) 90% funding rate (grant) Budget 2009-2011 B d t allocation ll ti 2009 2011 EUR 49 m ((allocation ll ti possible until end 2013); Envisaged budget 2012: EUR 22 m 07/11/2012 European Investment Bank / ELENA Facility 5 OVERVIEW INVESTMENT PROGRAMMES/PROJECT ELENA (Project Development Services) Support to Final Beneficiaries with: • Additional technical staff • additional Technical studies • additional Feasibility studies • Procurement/tendering • Financial structuring 07/11/2012 EE and RES investment in public and private buildings, including social housing and street and traffic lighting; g g Urban transport to support increased energy efficiency and integration g of renewable energy sources; Local energy infrastructure to support developments in previous sectors including smart grids, ICT, etc. European Investment Bank / ELENA Facility 6 Eligible investment areas public and private buildings, including social housing street and traffic lighting, integration of renewable energy sources (RES) into the built environment – i investments t t into i t renovating, ti extending t di or new district heating/cooling networks including networks based on combined heat and power (CHP); decentralised CHP systems (building or neighbourhood level); 07/11/2012 European Investment Bank / ELENA Facility 7 Eligible investment areas Urban transport to support increased energy efficiency and integration of renewable energy sources, such as: high g energy gy efficiency y buses,, including g hybrid y buses,, electrical or low-carbon propulsion systems; investments to facilitate the introduction of electric cars, investments to introduce new more energy efficient concepts to improve freight logistics in urban areas; 07/11/2012 European Investment Bank / ELENA Facility 8 Eligible promoters/Final Beneficiaries/Costs Final beneficiaries of project development services: Local or regional authority or Other public body or Groupings of such bodies Established in an IEE participating country Implementation of investment programme: Local or regional authorities or other public bodies or entities like holder or operator of a concession or an ESCO Eligible costs: Additional staff hired for ELENA project by beneficiary External experts and services 07/11/2012 European Investment Bank / ELENA Facility 9 Project maturity Preparatory p y studies carried out and main decisions taken before ELENA support request Leverage performance measured after 3 years In case leverage of 20 not achieved : grant may be clawed back ELENA proposal should demonstrate high implementation probability 07/11/2012 European Investment Bank / ELENA Facility 10 Determination of investment costs 1st investment tender launch Investment implementation (EUR 30 m) Start 1st year Last investment tender launch, (EUR 40 m estimated) ti t d) 2nd investment tender launch 2nd year Investment implementation (EUR 40 m) 3rd year End of project L Leverage ffactor t d determination t i ti Sum of investment volume: EUR 30 m + EUR 40 m + EUR 40 m = EUR 100 m 07/11/2012 European Investment Bank / ELENA Facility 11 ELENA application process Two stage application procedure: 1 P 1. Pre-Application A li ti 2. Application EC approvall iis necessary Important programme management aspects No submission date for applications Continuous appraisal/selection First come, first served; within the budget limits No international project consortium required 07/11/2012 European Investment Bank / ELENA Facility 12 Pre-Application Pre Application Pre-Application Formless Required information information's s Brief description of planned investment programme + implementation p e e tat o app approach oac Expected investment cost + development schedule Amount, scope and main needs for technical assistance If positive first reaction from EIB: next step fill in application form 07/11/2012 European Investment Bank / ELENA Facility 13 ELENA contact details How to contact European p Investment Bank ((EIB)? ) By fax fax, letter or e e-mail mail (best way through e-mail e mail to [email protected] ) English g s or o French e c is s required equ ed Informations available on ELENA web site ( (www.eib.org/elena): g ) ELENA brochure Frequently Asked Questions Application form Short presentation of supported projects 07/11/2012 European Investment Bank / ELENA Facility 14 ELENA progress so far Facility operational since January 2010 18 projects signed/approved for a total ELENA grant of EUR 34.5 million Supported investment programmes around EUR 2.2 billion Further projects in the pipeline or under approval with the EC. Average ratio investments/grants: 60 Fair distribution between sectors Support to small & large cities Use of supporting structures 07/11/2012 European Investment Bank / ELENA Facility 15 ELENA Sector examples Supporting EPC/ESCO development: Province of Milan Greater London Authority (RE:FIT) City of Paris Province of Chieti Main Tasks: Project identification and preparation S Support t for f Public P bli P Procurementt 07/11/2012 European Investment Bank / ELENA Facility 16 ELENA Sector examples Supporting Transport Projects: City of Malmö Metropolitan Transport Barcelona Main Tasks: Technology assessment Fi Financial i l structuring t t i Support for Public Procurement 07/11/2012 European Investment Bank / ELENA Facility 17 EE in Province of Milan The Province of Milan is a supporting structure under the Covenant of mayors ELENA contribution: EUR 1,94 m Expected investment: EUR 90 m Objective: Assistance for small or medium-sized municipalities in refurbishment of public buildings (mainly schools) pp p Support provided under ELENA Setting up a support unit Selection of procedure for implementation of investments, via ESCO’s, designing g g lots of buildings g Preparation of calls for tender and negotiations with bidders Preparing the preferred financing scheme State of advancement: Tender under energy performance contract for ESCO’s published for 100 schools and contract signature with selected ESCO underway; ~ EUR 8m investment costs; energy supply excluded 07/11/2012 European Investment Bank / ELENA Facility 18 Financing schemes encountered Public bodies own resources Loans from commercial banks (and/or EIB) Energy gy p performance contracts with financing g through g ESCO or specific project vehicles (SPV) or forfeiting with commercial banks Public Private Partnership using i.a. SPV’s Grants when available (e.g. European structural funds or national grant schemes) 07/11/2012 European Investment Bank / ELENA Facility 19 Advice for preparing good applications Strong political commitment from the public body to the implementation of the programme Good understanding of the project background – legal and organisational issues, relevant assets Precise identification of the needs for Technical Assistance Sound approach to the implementation of the investment programme within the limited three year project period Common understanding of the investment project and consensus on the means to implement it at all relevant levels and across relevant sectors Preliminary studies showing the maturity of the investment programme The investment in estment programme proposed goes be beyond ond “business as usual” activities 07/11/2012 European Investment Bank / ELENA Facility 20 Thank you very much for your attention ! 07/11/2012 European Investment Bank / ELENA Facility 21 European Investment Bank P fil Profile The European Investment Bank is the European Union‘s long-term financing institution. The Bank acts as an autonomous body set up to finance capital investment furthering European integration by promoting EU policies. Present EIB financing in 2011: Total loan amount signed: EUR 60.9 bn Renewable energies: EUR 5.5 bn Energy efficiency: EUR 1.2 bn Financing instruments available: From equity to senior loans Technical assistance notably outside the EU Specific initiatives related to urban energy programmes: p g Jessica, European Energy Efficiency Fund, others 07/11/2012 European Investment Bank / ELENA Facility 22