You are here

TrustEE

TrustEE Facilitates ESCO Project Financing in Industry

Submitted by Baerbel Epp on October 26, 2017
TrustEEThe implementation of energy efficiency measures and the use of renewables can help manufacturing businesses cut costs and prepare them for when they will have to compete in a decarbonised market. However, even outstanding technical designs often fail to secure financing. The EU’s TrustEE programme is looking for technology suppliers and project developers who are interested in an evaluation – and a possible funding – of their projects. TrustEE’s offer garnered much attention during Austria’s largest business conference on financing, the Finance Symposium in Alpbach on 5 October (see photo). 
Photo: AEE INTEC
 

Austria: How to De-Risk Renewable Investments in Industry

Submitted by Baerbel Epp on August 9, 2017
Results World Map SurveyTwo-thirds of the 71 companies listed on the World Map of Solar Process Heat Specialists 2017 agreed that achieving bankability for solar process heat projects required huge efforts to be made. They said that key barriers to implementation were a lack of technical expertise in risk assessment at financial institutions and the relatively small investment amounts in individual projects. To rectify this situation, EU project TrustEE is aiming to combine several of industry’s energy efficiency and renewable energy (EE+RE) investment projects into one package to be offered to pension funds and assurance companies. Important financial terms can be found in the glossary at the bottom of this article.
Source: solrico
 

ESCO Project Funding: Search for Attractive Case Studies to Fill Project Pipeline

Submitted by Baerbel Epp on July 5, 2016
Energy Contracting FundSolar heating and cooling has not been bankable yet despite various systems confirming expected performance and O&M costs. Project budgets are usually too small and the technology suppliers do not pass the stringent requirements of creditworthiness, which leaves the financial provider with a high-risk scenario. Accordingly, Energy Service Companies (ESCOs) have faced severe financing issues, which slow down the expansion of their business. It is good news to them that two recently launched projects also focus on facilitating the creation of an investment fund for solar thermal ESCO projects: First, there is the Feasibility Study - Energy Contracting Fund, which is jointly coordinated by the German Investment and Development Corporation Bank (DEG) and German SHC turnkey provider Industrial Solar; the second project, TrustEE – enhancing investment conditions for industrial energy efficiency and renewable energy projects, is from the EU and has been coordinated by Austrian institute AEE INTEC.
 

Search results

  • Keyword : TrustEE