TRIPLE-A Enhancing at an Early Stage the Investment Value Chain of Energy Efficiency Projects

TRIPLE-A Enhancing at an Early Stage the Investment Value Chain of Energy Efficiency Projects

The EC Horizon 2020 TRIPLE-A project runs for 36 months and addresses a main challenge in financing energy efficiency, which is to identify which investments can be considered as Triple-A investments, fostering sustainable growth, while also having an extremely strong capacity to meet their commitments [15-16], already from the first stages of investments generation and pre-selection/ pre-evaluation.
Triple-A has a very practical result-oriented approach, seeking to address this challenge, answering the following questions:
 How to assess the financing instruments and risks an early stage?
 How to agree on the Triple-A investments, based on selected key performance indicators?
 How to assign the identified investment ideas with possible financing schemes?
In particular, the Triple-A scheme is introduced, for identifying “Triple-A” energy efficiency investments, aiming to reduce the respective time and effort required at the crucial phase of the investments conceptualization, as well as to increase transparency and efficiency of respective decision making. By introducing this new scheme, we seek to make energy efficiency investments more transparent, predictable and attractive for investors / financiers and project developers.

The Triple-A scheme is comprised of three steps, – Assess – Agree – Assign –, answering each one of the abovementioned questions, with the following main outputs:
 Step 1 – Assess: Member States risk profiles and Mitigation Polices, including a Web based database that will enable comparability per Member State and sector, identification of market maturity, exchange of experiences regarding good practices among Member States (MS), and facilitation of the replicability, leading to a fruitful policy analysis for scaling-up energy efficiency investments and reducing uncertainty for investors / financiers.
 Step 2 – Agree: Standardised Triple-A Tools and Benchmarks, including standardised tools, efficient benchmarks, guidelines translated in all languages of the consortium partners, templates and procedures, accelerating and scaling up private Triple – A investments in energy efficiency.
 Step 3 – Assign: In-country Demonstrations, Replicability and Overall Exploitation, including recommendations on what energy efficiency investments are realistic and feasible in the national and sectoral context, as well as on how they could be financed in practice in the short or medium term. In-country demonstrations of the investments, through the standardised Triple-A tools, are envisaged.
Triple-A investments will be identified in each case-study country, namely Bulgaria, Czech Republic, Germany, Greece, Italy, Lithuania, Spain and the Netherlands. The Case Study countries were strategically selected so as to promote diversity across a number of factors and thereby enhance the results of the project, including: a leading European economy (Germany), an innovation front-runner in energy (The Netherlands), a weak economy going through one of the longest and most severe recessions (Greece), an economy with slow economic recovery (Italy), a diversified economy with a strategic geographical location having some of the largest European firms (Spain), a country that has experienced one of the fastest economic recoveries in Europe (Lithuania), a progressing country with a once sceptical stance towards low-carbon development (Czech Republic), and a country, recovering from a slow transition to a market economy, with growing strategic role in the region and significant ambition towards Climate and Energy EU processes (Republic of Bulgaria). The project focuses on energy efficiency investments, such as private and public buildings’ retrofitting, street lighting, CHP infrastructures, smart metering, energy management systems, etc.

TRIPLE-A