The European Energy Efficiency Fund (EEEF) was initiated as a new sustainable energy facility that the European Parliament and Council of Ministers agreed to launch using unspent funds from the European Energy Programme for Recovery for a new sustainable energy facility. It will support the EU Member States in meeting their objective to, by 2020, reduce greenhouse gas emissions by 20%, increase renewable energy usage by 20% and lower energy consumption through a 20% improvement in energy efficiency. The EEEF aims to provide market-based financing for commercially viable public energy efficiency and renewable energy projects within the 28 EU Member States. It contributes with a layered risk/return structure to enhance energy efficiency and foster renewable energy by unlocking the substantial potential in the European public sector in the form of a targeted public private partnership.
Country of incorporation
Energy efficiency and renewable energy
Vintage year
EIB commitment
EUR 75m