Simulation tool and pilot projects simulations reports
Citizen Financing EFSI Financing Investment Platforms - 09 March 2021
The main aim of this document is to assess and evaluate the investment programs for energy efficiency in the four pilot countries/regions for being processed under the CFs4EE Financing Schemes to be built and operated at a later stage of the CitizEE project.
The tool has been developed by Energinvest taking into account the scope of the CFs4EE Financing Scheme of each Pilot Region (please find further information in the Evaluation-and-Action-Plan-for-Citizen-Financing-Schemes-for-Energy-Efficiency-CitizEE). In particular, all the Pilot Regions were to use loans and potentially equity as financing products to the final recipients while none of them addressed a guarantee mechanism under their CFs4EE. As a consequence, the simulation tool has been developed to evaluate the financial feasibility of the setting-up of an Investment Platform combining debt and equity as funding components and debt and equity as portfolio of investments. Pilot Regions have structured their investment program data in order to feed the simulation tool. They were able to use the outputs of the given data template, their own sources of data or estimates when the pipeline of investment projects was not yet fully quantified.
As illustrated in the Fig. 1 the tool has been structured with input tables allowing the pilot regions to define the characteristics of:
- the Investment platform (fund) such as investment period, maturity, and management fees structure, based on standard data or on pilot regions assessment;
- the loan and equity contributions from co-investors (stakeholders) based on standard data or on pilot regions assessment;
- the loan and equity portfolio of investments based on the investment program assessed by the pilot regions.
Calculation tables and cash flow tables deliver the outputs of the simulation. The final result is a Key Performance Indicators (KPI) table indicating the total volume of funds under management, the total volume of funds disbursed by the Investment Platform, the total management fees supported by the investment Platform and the internal rate of return (IRR) of the funds.
The main aspects of the input tables are described in detail below.
Fig. 1 High Level architecture of the simulation tool
The report is available for free download here.
Report on Development and validation of template documents and contracts for the actors
With a view on the recent developments regarding the relevant legal framework in the context of the European Green Deal, this report shall serve as overview and guideline on how (energy efficiency/renewable energy) projects can be facilitated through private and public money under the ongoing process of updating the legal and regulatory framework.
CFs4EE Financing Schemes follow up report
The main objective of this report is to inform about the implementation of the CFs4EE financing scheme in the four different pilot countries/regions. In addition to describing the planned and revised schemes, the report also includes a section on next steps and commitments, as well as a brief assessment of the impact of the KPIs of the overall CitizEE project.
Register now for the second webinar; co-financing with citizens energy efficiency projects and renewable energy projects.
We’re excited to invite you to join us on June 3rd, for the second out of six webinars on capacity building for European public authorities that we are organizing as part of the ongoing CitizEE project.