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
Sustainable City Network (GR) Greece | CEDEF-Central European Development Forum (RS) Serbia | Albertville France | Union of Communities of Armenia (AM) Armenia | Agencia de Energia & Ambiente da Arrabida - Energy agency Portugal
Events to come
Webinaire: partage d’expérience Rouen Cit’ergie
Monday 19 November 14:30-16:15

How can a local government encourage ambitious renovations of condominiums?
Thursday 22 November

Hydrogène et Mobilité Urbaine en Europe
From 22 to 24 November

18th IOPD Conference - Citizen initiative and direct democracy
Tuesday 27 November

Forum Smart City : Objectif Zéro Carbone
From 27 to 28 November

Webinar - Make your municipal budget climate-friendly!
Tuesday 27 November 13:30-15:00

All coming events >>
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