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The EIB and the IDAE have created the FIDAE Fund for energy efficiency and renewables.

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This fund will be available to 10 Spanish autonomous communities in the areas of FEDER.
Madrid, 07.01.2011 - The European Investment Bank (EIB) and the Spanish Instituto para la Diversificación y Ahorro de la Energía (IDAE) have reached a financial agreement to launch the Portfolio Fund JESSICA as a financial instrument focusing on energy efficiency and renewable energy projects .  This is a novel idea in the use of structural funds from the European Union.
El FIDAE –Fondo de Inversión en Diversificación y Ahorro de Energía, will be managed by the EIB, and will, in turn, invest in Fondos de Desarrollo Urbano (FDUs) or Urban Development Funds that will provide the financing for energy efficiency projects and renewable energy sectors of buildings, Industry, Transport and Infrastructure of public services related to Energy.