SubsidieMeestersDevelopment of a dedicated Funding & Organisational Ecosystem to accelerate industrial net zero transformations.
The project aims to accelerate the clean energy transition by developing scalable financing solutions for large-scale renewable investments, targeting net-zero emissions by 2031.
Projectdetails
Introduction
This project aims to launch significant energy efficiency and renewable investment programs through the delivery of scalable financing solutions for sustainable energy investment projects, with a particular emphasis on private sector funds. The objective is to accelerate the clean energy transition at scale, in line with the REPowerEU plan to phase out EU dependence on fossil fuel imports by phasing out the gas consumption of Boortmalts European sites (1 TWh/year) and meeting net-zero across scopes 1 and 2 by 2031.
Project Objectives
More specifically, the implementation of this project aims to:
- Develop an innovative financial structure enabling the financial viability of large-scale renewable energy-related investments and accelerate energy transformations at scale.
- Develop a new organizational structure to overcome market, organizational, and regulatory barriers.
- Promote public/private partnerships between industries and public grid operators leading to innovative energy storage and grid balancing solutions.
- Finance the investments through a blend of equity, debt, loans, EPC/ESCO, subsidies, green bonds, etc.
- Generate efficiencies in the investment program by setting up a dedicated energy project development unit, bundling investments to improve their bankability, pooling several assets into large-scale investments, and engaging stakeholders to mobilize investments.
Key Drivers
The key driver of this project is to develop a solution that overcomes the barriers to deploying large-scale energy transformation actions, including technology, cost, financing, market, risk, organizational, and regulatory challenges.
Alignment with Funding Scope
As the topic aims to develop replicable solutions that mobilize private and public capital to implement sustainable energy investments, the Mastering Net Zero project is clearly addressing the scope and target sector of LIFE-2022-CET-PDA: Project development assistance for sustainable energy investments topic scope A.
Financiële details & Tijdlijn
Financiële details
| Subsidiebedrag | € 1.519.417 |
| Totale projectbegroting | € 1.599.386 |
Tijdlijn
| Startdatum | 1-10-2023 |
| Einddatum | 31-3-2027 |
| Subsidiejaar | 2023 |
Partners & Locaties
Projectpartners
- BOORTMALTpenvoerder
- ENGIE IMPACT BELGIUM
Land(en)
Vergelijkbare projecten binnen LIFE
| Project | Regeling | Bedrag | Jaar | Actie |
|---|---|---|---|---|
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Integrated Quality Services for Home Renovation Roadmap
EASIER enhances energy renovation for condominiums in Italy by integrating public-private services, training stakeholders, and utilizing digital tools to simplify processes and promote energy savings.
Bringing local and regional municipalities towards owning their SECAPs
OwnYourSECAP aims to empower over 110 municipalities to develop and implement effective climate action plans through systematic energy management, adaptation strategies, and stakeholder engagement.
Improving and demonstrating the potential of SRI
easySRI develops a web platform for automated Smart Readiness Indicator calculations, enhancing energy efficiency insights and supporting ML-based evaluations for building upgrades and stakeholder engagement.
Decentralization, Diversity and Dynamic load regulation – novel approaches to tangible energy transition with diversification of production sources
3DIVERSE aims to integrate sustainable energy investments through a coordinated multi-sector approach, enhancing citizen engagement and financing to create a replicable model for energy transition.