How to finance your SECAP: EU-wide peer-to-peer learning with PROSPECT

By Blandine Pidoux on 6 September 2017

Financing sustainable energy and climate projects: a challenge for cities and regions

A growing number of European cities and regions have engaged in the energy transition. They are taking local action to mitigate climate change, adapt to its unavoidable consequences and provide their citizens with access to secure, sustainable and affordable energy. Many are signatories of the Covenant of Mayors for Climate & Energy initiative and have developed Sustainable Energy and Climate Action Plans (SECAPs) to reduce CO2 emissions by at least 40% by 2030.

However, securing financing for sustainable energy projects remains a great challenge.
According to surveys carried out by the Covenant of Mayors Office and European networks of cities, regions and energy agencies, it becomes clear that one of the most urgent barriers is the lack of internal capacities to transform SECAPs into sound investment plans and ensure their successful implementation despite strained public budgets.

The European H2020 PROSPECT project accepts this challenge and aims at boosting cities and regions’ skills and expertise through the development and implementation of an ambitious European-wide peer-to-peer learning programme. The learning will empower local authorities (including local and regional energy agencies) to make use of best practices from other cities and regions in the EU on how to finance their plans. This will facilitate knowledge transfer on how to:

  • Develop bankable projects
  • Set up innovative financing schemes, business models and partnerships with key stakeholders.
  • Trigger private funds by supporting citizens’ initiatives.

The learning programme will consist of 5 modules:

  • Public buildings
  • Public lighting
  • Private buildings
  • Mobility and Transportation (public & private)
  • Cross-sectorial.
PROSPECT will propose 3 nine-month learning cycles throughout the duration of the project, starting respectively in March 2018, September 2018 and March 2019.

A first testing cycle, focusing on Energy Performance Contracting in public buildings, will start earlier in January 2018 with the three local authorities that are partners in the project: OÖ Energiesparverband (the Upper Austria regional energy agency), the Municipality of Trnava in Slovakia and S.energia (the local energy agency of Barreiro, Portugal).

Cities, Regions and their energy agencies who would like to join this first testing cylce are very welcome to apply!

More information on the application process will be given on the PROSPECT linkedIn group and via twitter with #PROSPECT_EE and of course on the project website (under construction).

Stay tuned!
Map of members
Vilvoorde Belgium | Wien Austria | Krizevci Croatia | Sustainable City Network (GR) Greece | CEDEF-Central European Development Forum (RS) Serbia
Events to come
Capacity-building workshop - Providing energy retrofit packages to private homeowners – business models and project implementation
Wednesday 19 June

10 years of ELENA - Supporting investments in energy efficiency and sustainable transport
Thursday 20 June 15:30-18:30

Designing smart and efficient energy policies with citizens
Friday 21 June 13:30-16:30

Rénovation énergétique des bâtiments et ensembles d’immeubles - Voyage d’étude, région de Lille
From 25 to 26 June

GMF’s Brussels Forum
From 27 to 29 June

LIFE PlanUp webinar: Involving stakeholders and the public in national energy and climate planning - good practices from across Europe
Thursday 27 June 10:00-11:30

All coming events >>
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