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ELENA - European Local ENergy Assistance

The ELENA facility is provided within the framework of the IEE II programme (Intelligent Energy Europe) and supports local and regional authorities in contributing to the “20-20-20” initiative of the EU, i.e.

• reduce greenhouse gas emissions by at least 20 %, and/or
• increase the share of renewable energies in energy consumption to at least 20 % and/or
• improve energy efficiency by at least 20 %, all by 2020.

The new KfW-ELENA facility offers a complementary approach in order to mobilize sustainable investments of small and medium sized municipalities and, where appropriate, Energy Service Companies (ESCOs). KfW-ELENA consists of three innovative and complementary financing schemes

• grant subsidy from the European Commission for Technical Assistance
• global loans to local participating financial intermediaries (PFIs) in order to target smaller investments (volume up to EUR 50 million)
• and carbon crediting as a new financing element (Please ask for further information on this topic by e-mail).

Eligible Participating Financial Intermediaries are banks operating in the eligible countries (EU member states, Norway, Iceland, Liechtenstein and Croatia) motivated to expand their lending to municipalities for the financing of sustainable energy projects.

Eligible Final Beneficiaries of Technical Assistance are local or regional authorities and other public bodies within IEE participating countries (EU 27 + Norway, Iceland, Liechtenstein and Croatia) including those under the Covenant of Mayors Initiative, or groupings of such bodies, mainly in the small and medium-sized range.
Final beneficiaries can only apply to the ELENA Technical Assistance via Partnering Financial Intermediaries. Application for ELENA Technical Assistance is combined with application for financing of the Investment Project. KfW cannot receive direct applications from local and regional authorities.

As soon as the first agreements are signed between KfW and Partnering Financial Intermediaries we will inform here.

Further information

Programme Leaflet ELENA (PDF, 182 KB, non-accessible)

Note

This information is also available in German.