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eeef Annual Report 2013

Contents Introduction: Greetings 3 Letter from the Chairperson 4 Letter from the Investment Manager 5 The European Energy Efficiency Fund at a glance 6 Mission 7 eeef’s Objectives 8 The Fund’s Setup 9 eeef’s Business Proposal 10 Development of eeef since Inception 10 Investment Process 11 2013 Activities Report: Investments 12 Investment Portfolio 14 2013 Activities Report: Funding 22 Funding Situation 24 EC Technical Assistance Facility and Energy Savings’ Report 26 European Commission Technical Assistance Facility 28 Energy and Greenhouse Gas Emission Savings 30 Financial Statements 32 Imprint 39 2 eeef Annual Report 2013

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