Division Expected outcomes specific to PF4EE

Under PF4EE, up to 10 financing agreements (EIB Loans for EE and Risk Sharing/Expert support Facilities) should be signed with financial intermediaries in the period 2014-2017 (i.e. during the pilot phase) and an extra 10 in 2018-2020. A financing agreement may cover the implementation of the financial instrument in more than one MS and a financial intermediary may sign more than one financing agreement.

At the outset of the PF4EE, support of total investment up to about EUR 540 m was expected. However, after the six deals signed in 2015 and 2016 and in view of the current pipeline, the EIB now aims to achieve EUR 1 bn of new investments in energy efficiency during the 2014-2017 phase. As for the 2018-2020 period, an additional EUR 1 bn of new investments in energy efficiency shall be delivered, thanks to the signature of the 10 extra PF4EE deals after 2017. This would bring the total investments generated by PF4EE to EUR 2 bn over the 2014-2020 period.

When PF4EE was designed, the estimated leverage of the value of the loan portfolio to the LIFE provision was six-fold for the pilot phase. Taking into account the possible contribution of final recipients to project costs in the order of 25 %, the leverage of total investment to the LIFE provision was expected to be at up to eight-fold by end of 2017. Such minimum leverage target will apply also to the 2018-2020 period.