28 May 2019
EIB launches EEQuest – the Energy Efficiency Quick Estimator
The European Investment Bank launched the Energy Efficiency Quick Estimator (EEQuest) – an online tool to estimate the savings potential of about 20 standard energy efficiency measures. Based on limited user input, the tool provides a rough estimate on energy, cost, and CO2eq savings that can result from measures in buildings and industry. Users such as bank sales staff, companies, and individuals can access the tool free of charge and without registration, and can draw on it to obtain estimates for their projects across the European Union. Estimation results can also be downloaded as a pdf summary, which can support application and documentation for financing.

The EEQuest tool serves two key goals: On the one hand, it aims to automate, to an extent, the process of loan appraisal at the bank staff’s side, and thus bring down transaction costs. The energy savings estimation embedded in the tool is particularly relevant in this respect, since projects with smaller investment volumes often do not go along with required energy savings documentation. On the other hand, the tool aims to support financial intermediaries in marketing dedicated energy efficiency finance and raise awareness by giving their staff and their clients the possibility to identify the energy savings potential of standard projects and technologies.

Please find more information here:
EEQuest online tool >

15 April 2019
Interview: Financing ESCO projects - views from Belfius Bank in Belgium
The ESCO market in Europe is growing but still lacks behind its potential. Access to appropriate financing solutions remains a barrier. Belfius Bank in Belgium tackles this barrier by offering dedicated financing to Energy Service Companies and their clients.

Through the Belfius Energy Efficiency Package (BEEP), which is backed by the European Investment Bank’s Private Finance for Energy Efficiency (PF4EE) instrument, Belfius has already financed over 25 ESCO and third investor projects at an aggregate loan amount of over EUR 25 million.

In an interview with the PF4EE Expert Support Facility, Joost Declerck, energy efficiency promoter at Belfius Bank, shared his view on drivers of success for developing the ESCO market segment.

Read the interview here >

11 April 2019
Belfius: A spotlight on three projects financed under PF4EE
A trigeneration unit powering a hospital site, a cogeneration unit powering an apartment building and comprehensive energy efficiency improvements in social housing – these are examples of projects in Belgium that were successfully financed and implemented under Belfius Bank’s Energy Efficiency Package.

Belgium now has a hospital that is primarily powered by renewable energy, thanks to the installation of the country’s first trigeneration unit at a hospital site in Godinne, Namur Province. Based on the gasification of waste wood, the project generates renewable power for 50% of the hospital’s electricity requirements, 90% of its hot water needs for sanitary use and heating as well as 25% of cooling energy needed for its refrigeration circuits. This cutting edge environmental innovation project has been co-financed through BEEP/PF4EE.

In Brussels, a project financed through third-party investment based on a combination of a BEEP/PF4EE loan and eco-citizen financing led to the installation of a highly efficient natural gas cogeneration facility as well as the complete roof renovation of a 27-storey apartment building. Jointly, both measures resulted in annual primary energy savings of 1,100 MWh and annual energy cost savings of EUR 40,000.

In the third example, Anderlechtse Haard, one of the largest social housing companies in the Brussels Capital Region, signed an energy performance contract with an energy service company to improve the energy efficiency of the Anderlechtse Haard’s residential buildings. This included the installation of 15 new building management systems, 7 PV systems with more than 160 solar panels as well as 7 cogeneration units. The respective measures were primarily financed through a EUR 3,8 million BEEP/PF4EE loan.

Please find more information here:

Project 1:
Showcase “Xylowatt / Godinne Hospital” >
EIB press release >
Youtube video >
EIB blog story „Turning waste into jobs in Belgium” >

Project 2:
Showcase “Watt Matters / Rue Marius Renard” >
EIB press release >
Youtube video >

Project 3:
Showcase “Anderlechtse Haard” >
Belfius press release >

27 February 2019
Santander: Spanish media informs about launch of tailored PF4EE Web-Check Tool
Crédit Coopératif (France), Komerční Banka (Czech Republic) and Banco Santander (Spain) signed agreements with the European Investment Bank to promote lending for energy efficiency projects under the EIB’s recently launched instrument Private Finance for Energy Efficiency.

Banco Santander, the PF4EE partner bank in Spain, launched its own version of the PF4EE Web-Check tool and made it publicly available. The tool’s release triggered significant press coverage.

The tool was developed as part of Santander’s collaboration with the EIB under the PF4EE instrument that provides up to EUR 50 million for energy efficiency investments in Spain. The Web-Check invites both the bank’s staff as well as potential clients to pre-check the eligibility of projects for a PF4EE loan and to obtain estimates regarding a project’s energy, cost, and CO2 savings potential.

The tool can be accessed free-of-charge via Santander’s webpage.

Press coverage in the Spanish media (examples):
Europapress >
El Economista >
El Español >
Sábado >
El Imparcial >

14 February 2019
BPI: Launch of the Web-Check Tool attracts significant media attention
The Portuguese PF4EE partner bank BPI launched the PF4EE Web-Check tool, tailored to the needs of BPI’s staff and clients in Portugal. The tool enables users to get an idea of the energy savings potential of energy efficiency measures and to pre-check the eligibility for a PF4EE loan.

BPI’s PF4EE Web-Check tool is available free-of-charge and without registration via BPI’s webpage.

In the beginning of this year, BPI announced the launch of the tool through various channels, and raised awareness for the availability of energy efficiency financing through the PF4EE instrument at the same time.

Press coverage in the Portugese media (examples):
Jornal de Negócios >

Edifícios e Energia >
Dinheiro Vivo >
Sábado >
Ambiente Magazine >

28 March 2018
New PF4EE partner banks in Croatia and Greece
In January 2018, two more banks launched operations under the PF4EE instrument, namely Piraeus Bank (Greece) and Zagrebačka Banka (Croatia). With these banks on board, the total loan amount available through PF4EE increases by an additional EUR 140 million.

Piraeus Bank and EIB have signed an agreement worth EUR 100 million. This is the largest engagement in any European country under the PF4EE instrument so far. The Greek bank has announced to on-lend the EIB loan to small-scale energy users that invest in energy efficiency projects related to existing buildings, outdoor lighting and water pumping stations.

Zagrebačka Banka (ZABA), the largest commercial bank in Croatia, receives an EIB loan of EUR 40 million to be on-lent to energy efficiency investments by small businesses and corporates.

Please find more information here:
EIB press release regarding Piraeus >
EIB press release regarding Zagrebačka banka >
News Article on regarding Piraeus (Greek language) >
News Article on regarding Piraeus (Greek language) >