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Clean energy for EU islands

Finance opportunities

ELENA – European Local ENergy Assistance

Energy efficiency in buildings
Energy efficient transport
Renewable energies
Energy Transition Strategy / Decarbonisation Plan
Project development

ELENA provides technical assistance for energy efficiency and renewable energy investments targeting buildings and innovative urban transport.

  • Public and private project promoters such as local, regional or national authorities
  • Transport authorities and operators
  • Social housing operators
  • Other companies (e.g. estate managers, retail chains, energy service companies).

Investment threshold

Normally, the amount of the investment programme must be above EUR 30 million. The ELENA grant amount can cover up to 90% of the total eligible costs, and the Final Beneficiary must fund the remaining 10% of the eligible costs.

Citizen cooperatives

Renewable energies
Energy efficiency in buildings
Energy efficient transport
Energy Transition Strategy / Decarbonisation Plan
Project development
Project implementation

Citizen or energy cooperatives refer to a business model where citizens jointly own and participate in renewable energy or energy efficiency projects. In energy cooperatives citizens are involved in both the decision making and financial & economical participation.

Any person can be a member of the cooperative and participate in its financing schemes.

Crowdfunding

Research and innovation
Renewable energies
Energy efficiency in buildings
Energy efficient transport
Energy Transition Strategy / Decarbonisation Plan
Project development
Project implementation

Crowdfunding is the use of small amounts of capital from a large number of individuals to finance a new business venture. Using crowdfunding creates you the opportunity to raise the money quickly and easily for projects supported by the like-minded supporters who are eager to help.

Any person or legal entity can be a part of crowdfunding campaign, either as a initiator or a donor.

European Energy Efficiency Fund

Project development
Project implementation
Energy efficiency in buildings
Energy efficient transport
Renewable energies

The European Energy Efficiency Fund aims to support the goals of the EU to promote a sustainable energy market and climate protection. Maximizing its impact, EEEF facilitates investments in the public sector offering funding for energy efficiency and small scale renewable energy projects.

  • Regions
  • City Councils
  • Universities
  • Public hospitals
  • Other public entities