Division 5.3.2.3 Technical methodology for the project selection procedure

The recipients include private individuals, home-owner associations, SMEs, corporates and/or public institutions/bodies, undertaking EE investments in line with the NEEAP of each Member States.

The size of the EE loans provided to the recipients range from EUR 40 000, which can be reduced to accommodate small investments within the residential sector, to EUR 5 million and in exceptional cases up to EUR 15 million.

Member States will be in a position to influence the project pipeline and hence indirectly the selection of projects through the priorities of the NEEAP. Recipients will be those legal entities and/or natural persons that:

• undertake an EE investment within the context of a Member State support scheme and/or in line with the priorities of a NEEAP and/or EU Directives relating to EE;

• borrow an EE loan granted by a participating financial intermediary;

• are eligible for EIB and financial intermediaries lending; and

• have passed an economic analysis which incorporates the costs of carbon externalities, so that the net present cost of the project over its life is less than the net present value of the energy saved.