SER
Financiado
Social Energy Renovations: Maximizing social impact and boosting clean energy investments in the non-profit sector through de-risking, aggregation, and capacity building
In Europe, the non-profit sector employs 28 million full-time workers engaged in education, research, housing, counselling, workforce training and other social activities. The sector remains underserved by the financial industry,...
In Europe, the non-profit sector employs 28 million full-time workers engaged in education, research, housing, counselling, workforce training and other social activities. The sector remains underserved by the financial industry, making it challenging to obtain funding to undertake clean energy investments. SER brings together 7 organizations from 4 EU countries to maximise social impact by boosting clean energy investments in the non-profit sector. SER intends to design, set up, and implement an innovative de-risking financing mechanism that entails financing and technical standardisation, project aggregation, social impact assessment and credit enhancement. Under SER’s financing scheme, an ESCO raises low-cost long-term capital via a forfaiting contracts to a financing instrument coupled with a de-risking mechanism. Social enterprises gain access to affordable sustainable renovations, coupled with technical assistance, while investors gain access to secure, high impact investments aligned with ESG and impact investment criteria. SER is positioned to strengthen social enterprises and generate more than 500M in clean energy investments over the course of 5 years after the project, translating into nearly 9,000 jobs, 24,633 Co2 emissions saved per year and massive social impact involving energy poverty mitigation, improvements in social inequality, health, wellbeing, productivity, financial literacy, and overall social cohesion. The initial focus is on Italy, with further replication foreseen in Bulgaria and France, and exploratory efforts in Germany, Czech Republic, Slovakia, and Poland. SER Consortium represents an ideal mix of partners including a specialized lender, an ESCO, a financing and de-risking advisory, social impact experts, an energy agency and local replicators in Bulgaria and France. SER strengthens the non-profit sector – a key driver in achieving a just and fair clean energy transition and a post-COVID-19 recovery.
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Duración del proyecto: 35 meses
Fecha Inicio: 2021-05-01
Fecha Fin: 2024-04-30
Fecha Fin: 2024-04-30
Línea de financiación: concedida
El organismo H2020 notifico la concesión del proyecto el día 2024-04-30
H2020
No se conoce la línea exacta de financiación, pero conocemos el organismo encargado de la revisión del proyecto.
Presupuesto
El presupuesto total del proyecto asciende a
2M€
Líder del proyecto
GLOBAL NEW ENERGY FINANCE,
Cnae 7022. la prestacion de servicios de asesoria estrategica y consultoria en estructura economica a toda clase de personas fisica, juridic...
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