European insurance player and corporate pension fund joined eeef as new private investors to advance sustainable energy for Europe
Since 2011, the European Energy Efficiency Fund (‘eeef’, ‘the Fund’) has been involved in raising awareness to energy efficiency across Europe, launching investment programmes with public authorities to upgrade public infrastructure and provide financing for realisation of these programmes.
To aggregate energy efficiency related investments in various small and medium sized municipalities, the Fund supports eligible projects via different financing instruments, while attracting capital from private investors, which in combination with the public capital provided by the European Commission ensures realisation of these investments.
In the spirit of the Private Public Partnership model, eeef welcomes two new private investors contributing over EURO 100 million to the Fund’s capital.
New capital inflow marks an important milestone on the growth path of the eeef, underlines the innovative form of public-private partnership promoted by the European Commission with the goal of contributing to climate change mitigation and making European cities and regions more sustainable.
To date the Fund collaborated with more than 50 public and municipal authorities, while avoiding more than 600 thousand tonnes of CO2e emissions and saving more than 900 thousand MWh of primary energy. With a breadth of its market knowledge, eeef will continue to maintain its role as a thought leader within the European energy efficiency industry.
European Energy Efficiency Fund
The European Energy Efficiency Fund (eeef) S.A., SICAV-SIF is a “societé d’investissement à capital veriable” governed by Luxembourg law and was initiated by the European Commission. The Fund is an innovative private-public partnership dedicated to mitigating climate change through energy efficiency measures and the use of renewable energy in the Member States of the European Union.