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Caspian Energy Journal Caspian European Club
Wednesday, 16 December 2015 20:30

INOGATE launches study for renewable energy and energy efficiency

 

The EU-funded energy programme INOGATE is evaluating the financing facilities for energy efficiency (EE) and renewable energy (RE) that are currently available in its partner countries with a special focus on Ukraine, Georgia and Moldova, Caspian Energy News (www.caspianenergy.net) reports with reference to EU Neighbourhood Info Centre. The study was carried out in October and November 2015, with a final report to be published at the end of January 2016. The report aims to increase awareness among Partner Countries, international financial institutions and bilateral donors of the overall RE power and EE support mechanisms that can implement their national energy efficiency action plans and national renewable energy action plans.

It will also identify gaps and provide a list of financial mechanisms and tools that are available in other EE/RE markets that could be developed in partner countries to mitigate investment risks and attract private capital.

Among the main conclusions from the study mission were that IFI financing and donor grants have helped open markets, but an enabling environment and more affordable financing is needed.

INOGATE is an EU-funded programme promoting international energy co-operation between the European Union and the Partner Countries. It works to support the EU policy frameworks of the Baku Initiative, the Eastern Partnership – Energy Security Platform and the Energy Community. 

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