The SEAF (Sustainable Energy Asset Framework) consortium will launch the early release of its online platform at the SEAF Investor Forum at the Palazzo Giureconsulti in Milan, Italy, on March 8th, 2017.
About the platform—bridging the finance gap for SME energy efficiency projects
Financed by the European Commission under the H2020 framework, SEAF is a two-year project that bridges the finance gap between project developers and investors in the majority of EU member states through the combination of three elements: (1) third-party project valuation by Joule Assets Europe, (2) internationally recognized standardized project protocols by the Investor Confidence Project (ICP), and (3) energy efficiency insurance from HSB Engineering Insurance Ltd. Once the pre-finance process is complete, projects are matched to investment from a trusted source within the SEAF Investor Network, currently representing €1.2 billion of potential project finance. The SEAF team also provides assistance with due diligence and additional support to contractors, as needed, throughout the process.
About the event
The SEAF Investor Forum is the third conference organized by SEAF since the project kicked off in February 2016, following Investor Days Barcelona and Investor Days Lisbon, co-organized with ICP (the Investor Confidence Project) Europe. Like Investor Days, the upcoming event in Milan will bring project developers and investors together to discuss investment solutions for growing Europe’s energy efficiency sector, particularly in the Italian market. In addition, the Milan forum will highlight the work that has been achieved by SEAF, and discuss expectations for the performance of the platform’s early release
Building a trust-based energy efficiency market
Jessica Stromback, Chair of Joule Assets Europe and SEAF project coordinator, says, “In Europe, the communication gap between ESCOs and financiers continues to undermine the growth of the energy efficiency marketplace; that is why it is essential to bring together market players from both sides at events like the SEAF Investor Forum, where mutual learning and networking is possible. This is also the aim of the SEAF online platform–the development of an accessible, trust-based community of ESCOs and investors, where projects can quickly be standardized and receive investment. I look forward to seeing how it will enable the growth of the market, in the medium and long term.”
At this time, the SEAF consortium invites ESCOs to use the platform free of charge. To learn more and to register, please contact us today.