Division 5.3.2.4 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 10 000 (which can be reduced to accommodate small investments within the residential sector) up to EUR 5 m (in exceptional cases up to EUR 15 m).

Member States are in a position to influence the project pipeline and hence indirectly the selection of projects through the priorities of the NEEAP. Recipients are 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;

In addition, supported energy efficiency investments should 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.