ELENA: A new funding source for local investment in sustainable energy

Jul. 27, 2009 – The European Commission and European Investment Bank (EIB) are setting up a new financing scheme known as "European Local Energy Assistance", or ELENA. ELENA forms part of the IEE programme and should be operational in the second half of 2009

ELENA will help local authorities develop bankable sustainable energy investment projects or programmes in a variety of sectors, and ensure their eligibility for further EIB funding. Any action supported must contribute to the CO₂ reduction objectives established in the Commission's Covenant of Mayors initiative.

More details will be published as soon as they are available on www.eumayors.eu

Source: EACI