Mobilising investment in renewable energies and energy efficiency is considered to be the key for Europe´s energy transition. At the same time, however, it still represents one of the transition´s core challenges. As European cities represent the key innovation hubs to unlock finance for energy efficiency, the EU is now launching the EU City Facility Call, in order to unlock financial support and services to cities and municipalities.
Under the Horizon 2020 Work Programme for Research and Innovation (2018-2020), the European Commission is therefore promoting the LC-SC3-EE-17-2019 European City Facility Call, which will run until 5 February 2019. With the focus area of “building a low-carbon, climate resilient future”, this call aims at finding solutions for achieving carbon neutrality and climate resilience in the second half of this century.
Proposals are hence expected to support local authorities in developing robust investment concepts. Therefore, they have to set up and run a “European City Facility”, offering financial support and services to cities and municipalities, as well as their groupings. Due to the lack of capacity of public authorities to transform their long-term strategies and ambitions into credible investment concepts, proposals should explicitly address the following challenges:
• Clear identification of potential project pipeline, based on (local) market/barrier analysis, sample energy audits, etc.
• Analysis of local stakeholders controlling the project pipeline, incl. commitments (by asset owners) and engagement strategy
• Legal analysis (regional, national, international) to define available investment types and framework conditions, actual investment approach and structuring/timeline of investment steps (incl. e.g. public procurement or debt accounting rules)
• (Pre-feasibility) analysis of available financing solutions, incl. basic modelling of investment costs, transaction costs, expected (cost) savings and other revenues, etc.
• Roadmap: basic process to launch investments, incl. work planning and resource allocation.
For more information on the call: