New Toolkit Launched to Help Financial Institutions Design Better Financial Products for Energy Efficiency

On 22 June 2017 during the EU Sustainable Energy Week, the EEFIG Underwriting Toolkit was launched to help business leaders, originators, analysts and risk underwriters take advantage of the huge opportunity to deploy capital into energy efficiency investments. It was compiled with several objectives in mind:

  • to help originators, analysts and risk departments within financial institutions better understand the nature of energy efficiency investments and therefore better evaluate both their value and the risks.

  • to provide a common framework for evaluating energy efficiency investments and analysing the risks that will allow training and capacity building around standardised processes and understanding.

  • to help developers and owners seeking to attract external capital to energy efficiency projects to develop projects in a way that better addresses the needs of financial institutions.

  • to foster a common language between project developers, project owners and financial institutions.

The Energy Efficiency Financial Institutions Group (EEFIG) was established in 2013 by the European Commission DG Energy and United Nations Environment Program Finance Initiative (UNEP FI). It created an open dialogue and work platform for public and private financial institutions, industry representatives and sector experts to identify the barriers to the long-term financing for energy efficiency and propose policy and market solutions to them. It counts many leading financial institutions amongst its members.

Lux Nova Parters is proud to have provided input on drafting of the Toolkit and is keen to promote it to clients as a useful resource to help scale up deployment of capital into energy efficiency.

You can access the web version here and download a pdf of the text here.