This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement n° 847048.
LAUNCH accelerates deal closure and pipeline growth for Sustainable Energy Assets through standardised, investor grade Energy Performance Contracts, standardised risk assessment protocols for investors, a roadmap for project developers to access growth capital, and market-tested value propositions for developers’ end-clients. The LAUNCH consortium will pilot these tools with developers, projects, and capital providers. All material will be reviewed by the LAUNCH Investor Board, comprising 20 institutional investors and finance professionals from across Europe.
Today, European markets for Sustainable Energy Assets (SEA) are splintered over many project and contract types, small portfolios and numerous investor methods to assess project risk. Consequently, deal closure takes an average 12-18 months per project, and project aggregation remains the foremost challenge to equitable financing solutions. Energy Performance Contracts (EPCs) and risk assessment protocols must become standardised for project investors in order to encourage market growth in a manner which will launch the market for SEA as tradable securities.
This is the aim of LAUNCH.
LAUNCH enables large scale aggregation of sustainable energy assets for financiers and supports contractors in growing their project pipeline. The final objective of the project is to accelerate the acceptance of SEAs as tradable securities.
The project will provide a basis for accelerated and sustainable SEA market growth and aims to create a European standard for the SEA market going forward.
Specific project aims include:
- Risk assessment standardisation
- Growth of seas through improving seads value propositions
- Contract standardisation
- Standard company presentation templates for private equity investors
- NEDERLANDSE ORGANISATIE VOOR TOEGEPAST NATUURWETENSCHAPPELIJK ONDERZOEK TNO
- BNP PARIBAS FORTIS
- ENERSAVE CAPITAL SARL
- ENERGY EFFICIENCY DELIVERIES LIMITED
Start date: 1/05/2019 - End date: 31/10/2021