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London Green Fund - Selection of Energy Efficiency Urban Development Fund

London Green Fund - Selection of Energy Efficiency Urban Development Fund

  •  Date: 07 September 2010 - 01 October 2010
  •  Reference: IR-927

The European Investment Bank is launching a call for expressions of interest to select an urban development fund to manage £50 million from the London Green Fund for investing in energy efficiency retrofit to buildings in Greater London under the JESSICA initiative.

The London Green Fund is a £100 million fund that will invest in climate change projects across Greater London such as waste, energy efficiency and decentralised energy. The fund is part of the European Investment Bank and European Commission's Joint European Support for Sustainable Investment in City Areas (JESSICA) initiative and has the broad remit of providing debt, equity and guarantee investment to support climate change infrastructure projects through urban development funds.

The call for expressions of interest will seek applicants to manage the Energy Efficiency Urban Development Fund. The focus of the fund will be to invest in urban projects that involve:

  • the adaptation and/or refurbishment of existing public and/or voluntary sector buildings to make them more energy efficient, sustainable and environmentally friendly; and/or,
  • improvements to existing social housing properties to make them more energy efficient.

It is anticipated that the urban development fund will invest primarily through debt (senior, junior or mezzanine) although the use of equity-type instruments has not been specifically excluded.

The selection procedure will be organised in two stages:

Stage 1: Expressions of interest which are not excluded in accordance with the exclusion criteria will be assessed on the basis of the selection criteria.

Stage 2: All applicants meeting the selection criteria will be invited to submit offers, in the form of a business plan. The business plans will be evaluated on the basis of the award criteria.

Applicants may express their interest, by 1 October 2010 at the latest, in accordance with the terms of the call for expressions of interest.

Please find attached a presentation pertaining to the call for expressions of interest from the information event held on 17 September 2010. The presentation is for information purposes only and shall not replace any provisions of the call for expression of interest. In case of discrepancies, the provisions of the call for expressions of interest shall prevail.

Please find attached questions and answers pertaining to the call for expressions of interest. These are for information purposes only and shall not replace any provisions of the call for expression of interest. In case of discrepancies, the provisions of the call for expressions of interest shall prevail.

Please find attached the second questions and answers document pertaining to the call for expressions of interest. These are for information purposes only and shall not replace any provisions of the call for expression of interest. In case of discrepancies, the provisions of the call for expressions of interest shall prevail.


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