The objective of this project  was to help overcome the disconnection between project developers with plausible energy efficiency (EE) and renewable energy sources (RES) projects on one side and financial institutions (FIs) on the other side resulting in substantial expansion of availability of commercial lending. Banks needed to learn more about the assessment of the risk associated with EE and RES projects and ways to its mitigation. Developers on the other hand needed assistance as far as orientation in the financial market and project preparation to the bankable stage is concerned. The important part of project outputs also was to elaborate a number of concrete projects that would serve as positive examples to attract attention and foster willingness to follow.

The project started in January 2006 and finalized in June 2007.

There were five participating countries: The Czech Republic, Slovakia, Lithuania, Latvia, and Estonia; each partner organization was concentrating on the market in its country. The project was partially financed by the European Commission, co-financing was also provided by the International Finance Corporation (IFC). Thanks to this, the partners could offer their potential clients a more flexible approach in project preparation: the initial consultations and analyses (walk-through audit) could be provided for free so that an agreement between the parties on further actions could be better adjusted according to project needs.

Project outputs for public dissemination are available for download from this page and from the following web sites of partner companies:

Czech Republic: SEVEn
Project website: CF-SEP Czeck Republic and www.biom.cz/cf-sep

Slovakia: Energy Centre Bratislava
Project website: CF-SEP Slovakia 

Lithuania: Eksergia
Project website: CF-SEP Lithuania

Latvia: Ekodoma
Project website: CF-SEP Latvia

Estonia: Energiaaudit
Project website: CF-SEP Estonia